Bitcoin, Ethereum, Solana Surge After Fed Maintains Rates

Following the Federal Reserve's decision to keep interest rates steady, major cryptocurrencies such as Bitcoin, Ethereum, and Solana experienced significant price increases, with Bitcoin climbing over 4% to $85,648, Ethereum rising more than 7% to $2,038, and Solana surging by 8% to nearly $134. The Fed's announcement alleviated investor concerns amid a backdrop of slower growth forecasts and rising inflation expectations. Despite the market rally, the Fed revised its economic outlook, projecting slower GDP growth and higher inflation rates, which may influence future monetary policy shifts. Market participants are keenly watching for any indications of upcoming rate cuts, as they typically favor riskier assets like cryptocurrencies. Overall, while the immediate response to the Fed's decision has been positive for crypto prices, underlying economic uncertainties remain a concern for future market stability.