Bitcoin, Ethereum, XRP Slide After Fed Holds Interest Rates Steady

The Federal Reserve's policy-setting committee met this week to decide on the direction of U.S. interest rates. Investors across traditional and digital asset markets had been watching closely for any signal on future monetary policy. The Federal Open Market Committee ultimately chose to hold rates steady, according to Brave New Coin. That decision triggered a pullback across major cryptocurrencies. Bitcoin, Ethereum, and XRP each declined following the announcement, the outlet reported. The drop came after a buildup of anticipation around the meeting, as noted by CoinGape in its preview coverage asking whether crypto would crash or rally on the news.