Overview

• The Federal Reserve announced it would hold interest rates at 4.25%-4.50% and slow its balance sheet reduction, capping Treasury runoff at $5 billion per month.
• Bitcoin's price surged to over $86,000, marking its highest level since March 9, while Ethereum and Solana also posted gains of over 7% and 8%, respectively.
• U.S. equities, including the S&P 500 and Nasdaq, rose by more than 1%, while gold prices hit a record high above $3,050 per ounce.
• The U.S. dollar experienced its third-largest three-day decline since 2015, with Treasury yields and bond market volatility also falling sharply.
• Analysts suggest easing financial conditions and global liquidity trends could drive Bitcoin and other risk assets to new all-time highs in Q2 2025, though uncertainties about inflation and geopolitical risks remain.