Bitcoin and Ethereum slip as Fed sticks to 3.5 percent rate

The Federal Reserve just threw a wet blanket on the market's hope for a pivot. Chair Kevin Warsh kept the federal funds rate locked between 3.5% and 3.75% during Wednesday's meeting, leaving traders guessing about the central bank's next move. Bitcoin and Ethereum prices both wobbled on the news as the cheap money era remains out of reach. Warsh didn't offer any clear signals or timelines for future cuts, choosing instead to stay the course while inflation data settles. This lack of direction usually spells trouble for risk assets that thrive on certainty. Without a roadmap for lower interest rates, crypto bulls are forced to sit on their hands while the broader economy absorbs the current borrowing costs. The Fed’s refusal to budge puts the ball back in the market's court to find its own momentum. Will investors hold their ground or start pricing in a longer winter?