**Title: US Federal Reserve’s Decision Could Have a Positive Impact on Bitcoin Price, Says Crypto CEO**
**Introduction**
The United States Federal Reserve’s decision has garnered attention from crypto investors due to its potential impact on the price of Bitcoin. Despite various expectations, the Fed’s decision to maintain neutrality has dashed all projections. In response to this outcome, the Founder and CEO of Bitcoin joint mining company Xive, Didar Bekbauov, has shared his insights on how this decision might influence the Bitcoin price.
**A Positive Outcome For The Bitcoin Price**
According to Bekbauov, many financial industry experts predicted that the US Federal Reserve would refrain from raising interest rates, and their prediction proved to be accurate. The central banking system chose to maintain rates within its 22-year range of 5.25-5.5%. Bekbauov highlights that this decision makes mainstream financial assets less appealing to investors, as capital retention becomes a priority. Conversely, this situation could drive the Bitcoin price upward, potentially resulting in a rally in the coming weeks. Thus, Bekbauov views the Fed’s decision as positive news for the cryptocurrency.
The Bitcoin price has demonstrated resilience following the Fed’s decision. While there have been occasional dips, the cryptocurrency has maintained a range of $26,000 to $27,000, surpassing last week’s levels.
**How Does This Play Out Going Forward?**
Looking ahead, Bekbauov anticipates that the Fed will maintain a dovish approach to interest rates throughout the remainder of the year. He believes this stance will provide support for Bitcoin at $35,000, and potentially drive its price above the year-to-date (YTD) mark of $31,700.
Additionally, the impending halving and the hype surrounding the Spot Bitcoin ETF are expected to contribute to a rally. Bekbauov emphasizes that Bitcoin’s network promises are another strong catalyst that will sustain growth in the mid-term. He believes that the anticipation of the ETF and halving will guide investor interest in the future.
At present, BTC is holding steady above the $26,600 support level, indicating that bullish momentum is gaining strength. However, there has been a 6% decline in the daily trading volume of the asset, suggesting a decline in interest leading into the weekend.
[](https://Tradingview.com)
**BTC drops below $26,600 support | Source: BTCUSD on Tradingview.com**
**Conclusion**
The US Federal Reserve’s decision to maintain neutrality has caught the attention of crypto investors, with potential implications for the price of Bitcoin. Crypto CEO Didar Bekbauov suggests that this decision could have a positive impact on the Bitcoin price, as it makes mainstream financial assets less attractive and prompts capital retention. The Bitcoin price has already exhibited resilience following the Fed’s decision, holding within a range of $26,000 to $27,000.
Looking forward, Bekbauov expects the Fed to continue adopting a dovish approach to interest rates, which could provide further support for Bitcoin. He predicts a potential rally, propelled by factors such as the upcoming halving, the anticipation of the Spot Bitcoin ETF, and the network promises of Bitcoin. As BTC remains steady above the $26,600 support level, it signals optimism among investors, although a decline in trading volume raises caution for the weekend.
