1The Federal Reserve kept its benchmark interest rate unchanged at 3.75% to 4% in a split 10-2 vote.
2Two officials dissented in favor of a rate increase, marking a rare joint dissent.
3Bitcoin experienced short-term volatility following the announcement before stabilizing around $81,478.
4Spot Bitcoin ETFs recorded notable net inflows of $110 million and $176 million on consecutive days.
5The crypto industry spent approximately $176 million on midterm elections to support crypto-friendly candidates.
Key takeaway
The Federal Reserve left interest rates steady while signaling a potential future tightening path, leaving Bitcoin prices relatively stable as markets weigh macroeconomic policy and upcoming political elections.
Short-term impact (days–weeks)
● NEUTRAL
Prices could remain range-bound as markets digest upcoming economic data and midterm election results over the coming days.
Medium-term impact (1–3 months)
● NEUTRAL
Potential future rate hikes by December could introduce headwinds for risk assets over the next few months.
Key risks
Potential future interest rate increases by the Federal Reserve.
Persistent hot inflation data leading to tighter monetary policy.