BlockBeats News, May 8th, under pressure from Trump, the Federal Reserve announced in the early morning that it would maintain the benchmark interest rate between 4.25% and 4.5%. This marks the third consecutive meeting without a rate cut. Despite the U.S. economic contraction in the first quarter and inflationary pressure from Trump's administration's imposed tariffs, the Federal Reserve still stated that the economy is experiencing "steady growth," the job market is "strong," emphasized that the current inflation level is "slightly high but manageable," and has not yet signaled a rate cut.

Following this decision, Bitcoin surged above $99,000, reaching $99,587 at the time of writing, hitting a new high in nearly two months. Ethereum (ETH), Ripple (XRP), Solana (SOL), and Dogecoin (DOGE) remained stable with minimal price fluctuations.

BitMEX co-founder Arthur Hayes, speaking at the recent Token2049 conference, mentioned that investors should be thankful for the U.S. monetary authority. He believes that inflation may continue, and the market generally sees this as a positive factor for assets like Bitcoin. In an interview, he also stated: "I think the current market environment is very conducive to the rise of risk assets, just like what we saw from the third quarter of 2022 to early 2025."

Analysis shows that the current market is engaged in a complex game: on one hand, the high-interest-rate environment continues to suppress investors' interest in high-risk assets such as crypto assets; on the other hand, geopolitical risks compounded with inflation expectations are prompting some funds to use Bitcoin as "digital gold" for hedging.

Of note, the Federal Reserve's policy statement mentioned for the first time that it "will consider broad economic data rather than a single indicator," which the market sees as a possible shift to easing when clear signs of economic slowdown emerge. Currently, CME rate futures indicate that the probability of a rate cut in September has risen to 68%, up by 12 percentage points from before the decision. The correlation between the crypto market and traditional financial markets is continuously strengthening, and macro policy changes are becoming a key variable influencing digital asset prices.

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