The US Federal Reserves decides not to cut interest rates? What does it mean for crypto market?

[Fidelia]

The US Federal Reserves which is in charge of monetary policy for the country has decided against reducing the interest rates.

What impact does this decision have on the crypto market? Would it contract or expand because of this decision?

 

[riberet19]

It's an interesting question, historically high interest rates have reduced investment, but, despite the fact that interest rates have remained high, cryptocurrencies have managed to revalue, so it could certainly be good or bad depending on other factors.