The Fed's decision to hold rates steady amid dissent from two governors leads to market volatility, with Bitcoin briefly dipping before recovering key support levels.
The Federal Reserve kept interest rates unchanged at 4.25%-4.5%, marking five consecutive meetings without change. Two governors dissented in favor of a rate cut, leading to a market selloff. Bitcoin briefly fell below $116,000 before rebounding, while Ethereum and other cryptocurrencies also experienced losses. The Fed's hawkish stance raised expectations for no rate cuts in September, contributing to market uncertainty.