The FED kept interest rates unchanged, in line with expectations.
FED Chair Jerome Powell stated that inflation is still above their 2% target. He emphasized that if there is no further progress on inflation, there will be no rate cuts.
Although the FED maintains its projection of one rate cut this year, market expectations have now shifted, postponing anticipated cuts to 2027.
The U.S. Securities and Exchange Commission approved Nasdaq’s rule changes to enable trading of tokenized securities.
Visa announced a new product that will allow AI bots to make automated payments.
Bitcoin is trading at $70,400, while Ethereum is at $2,186.
The Fear and Greed Index stands at 33.
Expected developments during the day:
- Crypto Event: The BLI Global Summit organized by the Blockchain Legal Institute will take place.
- General Market Event: The monetary policy meeting of the Bank of England will be held.
