Bitcoin, Crypto Prices Little Changed as Federal Reserve Holds Interest Rates Steady

“In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments,” the Fed statement reads.

Bitcoin at $26.4K Set for Weekly Gain, but Rallies Might Continue to be Sold

“The Franklin Templeton-news was released as prices neared $25,100, coinciding with when the market became aware of BlackRock’s Bitcoin ETF filing in June,” Matrixport noted in a market update on Telegram. “Hence, this $25,000 level is of the utmost importance now, and appears to be fortified by news affecting prices.”

Bitcoin Gives Up Gains, Returns to $26K Ahead of Fed’s Jerome Powell at Jackson Hole

BTC was changing hands at $26,042 at press time, down roughly 2.6% from its Wednesday high of $26,789. Ether (ETH), the second largest cryptocurrency by market capitalization, was trading at around $1,640 with a near 3% decline from yesterday’s high.