Bitcoin Price Trades Above $81,500 as Fed Keeps Rates Steady in Split Vote
Photo: Bitcoin Magazine
Bitcoin price held near $81,000 after the Federal Reserve kept rates at 3.75% to 4% in a 10-2 vote. The Federal Reserve left its benchmark rate unchanged Wednesday, holding the federal funds target range at 3.75% to 4%. The bitcoin price showed some volatility around $81,000. The decision passed 10-2, and the dissents carry as much weight as the outcome. Governor Lisa Cook and Cleveland Fed President Beth Hammack wanted a quarter-point increase. It is the first time since 1992 that a Fed governor and a regional bank president have dissented together on the same side.
Source: Bitcoin Magazine
