According to @federalreserve, the FOMC left interest rates unchanged as expected, offering no surprises to financial markets. Recent data trends suggest a higher likelihood of rate cuts later in 2024, but short-term inflation projections have been revised upward while long-term inflation is expected to remain flat at 3% (source: Federal Reserve FOMC Statement, June 2024). These updated inflation expectations and the steady rate decision are key for crypto traders, as persistent inflation could sustain demand for store-of-value assets like Bitcoin (BTC) and impact liquidity conditions across digital assets. Any further economic instability may prompt policy shifts, potentially fueling volatility in the cryptocurrency markets.

According to Bloomberg, the Federal Reserve's ongoing interest rate cuts have historically led to increased liquidity, often resulting in higher prices for major cryptocurrencies such as BTC and ETH. Many traders are now closely monitoring Fed policy decisions, as reduced rates can spur risk-on sentiment and drive capital inflows into the crypto market (source: Bloomberg, June 2024). This trend is prompting traders to adjust their strategies, focusing on altcoins and liquidity-driven assets that tend to outperform during dovish monetary cycles.