Bitcoin Dips After Fed Holds Benchmark Rate at 3.5% to 3.75%

The Federal Reserve held its benchmark interest rate at 3.5% to 3.75% on Wednesday, and Bitcoin traded around $65,300 before dipping following the announcement. According to NS3.AI, the Federal Open Market Committee said economic activity is expanding at a solid pace despite elevated uncertainty. The rate decision was the first under Fed Chair Kevin Warsh.