{"id":15738,"date":"2024-07-31T21:08:52","date_gmt":"2024-07-31T18:08:52","guid":{"rendered":"https:\/\/forklog.com\/en\/federal-reserve-maintains-key-rate-bitcoin-dips-to-66400\/"},"modified":"2024-07-31T21:08:52","modified_gmt":"2024-07-31T18:08:52","slug":"federal-reserve-maintains-key-rate-bitcoin-dips-to-66400","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/federal-reserve-maintains-key-rate-bitcoin-dips-to-66400\/","title":{"rendered":"Federal Reserve Maintains Key Rate; Bitcoin Dips to $66,400"},"content":{"rendered":"<p>On July 31, the United States Federal Reserve <a href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20240731a.htm\">maintained<\/a> its key interest rate range at 5.25\u20135.5% per annum.<\/p>\n<p>The decision aligned with market expectations.<\/p>\n<p>On July 11, the U.S. Bureau of Labor Statistics released a report on consumer prices, revealing an index value below the forecast\u20143% compared to the anticipated 3.1%.<\/p>\n<p>The cryptocurrency market reacted minimally to the decision, with Bitcoin briefly falling to $66,400.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-07-31-v-21.03.44-1024x640.png\" alt=\"Snimok-ekrana-2024-07-31-v-21.03.44\" class=\"wp-image-238171\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-07-31-v-21.03.44-1024x640.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-07-31-v-21.03.44-300x188.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-07-31-v-21.03.44-768x480.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-07-31-v-21.03.44-1536x960.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-07-31-v-21.03.44-2048x1280.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">5-minute BTC\/USDT chart on Binance. Data:\u00a0<a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>In the past hour, all top-10 digital assets by market capitalization showed slight positive movement. According to <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>, Dogecoin (+0.8%) and Solana (+0.7%) led the gains.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"589\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-07-31-v-21.04.53-1024x589.png\" alt=\"Snimok-ekrana-2024-07-31-v-21.04.53\" class=\"wp-image-238172\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-07-31-v-21.04.53-1024x589.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-07-31-v-21.04.53-300x172.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-07-31-v-21.04.53-768x441.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-07-31-v-21.04.53-1536x883.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-07-31-v-21.04.53-2048x1177.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: CoinGecko.<\/figcaption><\/figure>\n<p>At the time of writing, the cryptocurrency market capitalization stands at $2.5 trillion.<\/p>\n<p>In July, Federal Reserve Chair Jerome Powell warned that the institution would not wait for inflation to fall to 2% before starting to lower interest rates.<\/p>\n<p>Previously, former New York Fed President William Dudley urged the Federal Reserve to cut the rate in July.<\/p>\n<p>Back in July 2023, the Federal Reserve raised the key rate to 5.25-5.5% per annum. Since then, the rate has remained unchanged. This marks the eighth consecutive decision to maintain the rate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On July 31, the United States Federal Reserve maintained its key interest rate range at 5.25\u20135.5% per annum. The decision aligned with market expectations. On July 11, the U.S. Bureau of Labor Statistics released a report on consumer prices, revealing an index value below the forecast\u20143% compared to the anticipated 3.1%. The cryptocurrency market reacted [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1249,1224],"class_list":["post-15738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-federal-reserve-system","tag-macroeconomics"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15738"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15737"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}