Crypto Market Holds Steady as Fed Keeps Rates Flat

The latest decision by the Federal Reserve to leave interest rates unchanged has left crypto bettors largely unshaken. Even after a unanimous vote, traders on Polymarket see no reason to expect a hike in July. Over $11. 8 million has already been staked on the outcome, making this contract one of the most active on the platform. These bets mirror what the CME FedWatch tracker predicts: a 70 % chance that rates stay the same this month. The odds of a 25‑basis‑point increase have climbed to nearly 30 % from 8. 5 % the day before, yet the market remains skeptical. The Fed’s Summary of Economic Projections tipped many to think a single rate rise would happen this year, a sharp turn from March’s forecast that called for one more cut. Nine officials now expect a rate bump by year‑end, and the median forecast places the funds rate at 3. 8 % in 2026.Despite this, Kevin Warsh, newly appointed Fed Chair, chose not to endorse the dot plot during his first press briefing. He said he would not submit a personal projection, arguing that it offers no value in shaping policy. Warsh’s reluctance has not shifted trader sentiment. Crypto bettors continue to bet on stability, suggesting that market participants either trust the Fed’s current stance or feel uncertain about a future change. The collective view remains that rates will stay where they are for now, keeping the crypto market in a cautious yet steady position.