Inflation peaked at 4.1%: Bitcoin stabilized at 64,000, waiting for the Federal Reserve

According to Woofun AI, the overall trend of the cryptocurrency market was weak before the Federal Reserve's interest rate decision was announced late Wednesday. The CoinDesk 20 Index has risen slightly by 0.41% since midnight UTC. Among them, the prices of 10 cryptocurrencies have risen, 10 have fallen, and there are significant differences between long and short.

After 48 hours of extreme instability, BTC rose again by 0.75% in an attempt to make up for Tuesday's decline. Its price once soared to $66,700 last week, but dropped to $62,400 after the South Korean stock market plummeted, and currently remains stable above $64,000.

According to data compiled by Woofun AI, the current 4.1% inflation rate prompted the Federal Reserve to consider raising the federal funds target interest rate for the first time in three years. However, hostilities between Iran and the US have temporarily eased, reducing the upward pressure on oil prices, thereby slightly reducing the possibility of interest rate hikes.

ETH lost 0.13% on the day. Futures contracts corresponding to the S&P 500 index and the Nasdaq 100 index both showed an upward trend. At the same time, the price of gold remained above $4,000, while silver rose 1.40%. These signs suggest that before the resolution was announced, the market was adopting hedging strategies rather than making clear investment decisions.