The Federal Reserve just wrapped up its latest FOMC meeting, and the crypto world is already buzzing.
In a new video, Altcoin Daily’s Aaron broke down everything that happened, from Jerome Powell’s decision to hold interest rates steady, to Donald Trump’s fiery response, and what this all might mean for Bitcoin, stablecoins, and the broader crypto market.
Let’s walk through what went down and why it has the crypto space on edge.
What you'll learn 👉
Fed Leaves Rates Unchanged – What That Means for Crypto
Jerome Powell came out with a pretty straightforward update: no change to interest rates. Inflation is coming down, but it’s still running a bit hot.
Powell said the current policy gives them room to adjust if needed. That means no immediate pivot, but they’re staying flexible.
Crypto traders were hoping for more than that. A rate cut would usually signal a risk-on environment, which is good news for Bitcoin and altcoins.
But for now, they’ll have to wait. The next chances for a rate cut are coming later this year, at meetings in July, September, October, and December.
So, while the decision wasn’t a shocker, it also wasn’t the green light bulls were hoping for. It keeps the market in “wait-and-see” mode.
Trump Slams Powell, Backs Crypto
Donald Trump didn’t hold back. He said to Powell “too-late Powell” and claimed interest rates should be much lower by two or even two and a half points.
He said that cutting rates could save the U.S. hundreds of billions of dollars. And while he was playful at times, it was pretty clear he was using this moment to reinforce his pro-crypto stance.
Trump’s take isn’t just about rates. He’s been openly supporting digital assets lately, even positioning himself as the candidate who wants to embrace innovation instead of restricting it.
That contrast with the current administration is now becoming part of the 2024 political conversation. Meanwhile, Bitcoin’s chart isn’t doing much, it’s been consolidating.
According to Aaron, the recent breakout puts $110,000 as the new support level, and he’s looking at a move toward $120K or even $150K by the end of the year. If those targets hit, he thinks we could be looking at $190K next.
Stablecoins Take Center Stage in Washington
While rate cuts were a no-show, there was real movement in another part of the crypto world: stablecoins.
Treasury Secretary Scott Bessent had some strong comments defending the role of stablecoins and digital assets in the U.S. economy.
In a recent interview, he pushed back hard against the idea that crypto threatens the dollar. In fact, he said it could actually make the dollar stronger.
He explained how dollar-backed stablecoins can bring U.S. currency to places like Nigeria, where people can use digital dollars through their phones, no need for physical cash or banks.
Coinbase’s Chief Policy Officer added that this shift could upgrade the U.S. payment system overnight. He compared it to the early internet, big change, big potential. Instead of waiting days to move money, blockchain tech makes it instant and cheap.
Big Win for Stablecoins, and More Regulation on the Way
The U.S. Senate already passed a stablecoin bill, and it’s heading to the House. Trump is eager to sign it, and it could soon become law.
This would give the entire crypto industry more clarity and open the door for further regulation. Next on the agenda is the Market Structure Clarity Bill.
That one’s a big deal, it would lay out the rules for how crypto markets should work in the U.S. With the Senate already showing progress, the hope is that more regulatory steps are coming soon.
As for market momentum, stablecoins are having a moment. According to Aaron, the total value of dollar-pegged stablecoins just broke above $250 billion. That’s not just a rebound, that’s a new all-time high.
Saylor’s Big Bet and Bitcoin’s Global Game
To wrap things up, Altcoin Daily highlighted some comments from MicroStrategy’s Michael Saylor. His message? Bitcoin is a once-in-a-generation opportunity for governments. He said the first country to “print their own currency to buy Bitcoin” wins the digital race.
Saylor compared it to what MicroStrategy did with its stock and how that move sent their valuation from $1 billion to $100 billion.
He believes the U.S. should be the one to scoop up a big chunk of the Bitcoin supply, or risk letting another country beat them to it.
It’s a bold claim, but it fits with what more and more people are starting to believe. Bitcoin isn’t just for traders anymore, it’s becoming a serious piece of the global financial puzzle.
So, was the FOMC meeting a disaster for Bitcoin and crypto? Not quite. But it didn’t offer the fuel bulls were hoping for either.
The Fed isn’t making any big moves yet, politicians are getting more vocal, and crypto regulations are slowly coming together. Right now, the market’s just watching and waiting to see what happens next.
Read Also: Bitcoin’s Price Holds Strong Above $100K, Meets Fierce Competition From 2025’s Best Presale
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