India, July 31 -- Cryptocurrencies traded firmly above the flatline as markets reacted to the Federal Reserve's interest rate decision and guidance. Crypto markets also assessed the contents of a comprehensive report released by the White House that enumerated the approach to strengthening American leadership in Digital Financial Technology.
The Federal Reserve on Wednesday decided to maintain the target range for the federal funds rate at 4.25 to 4.5 percent. It acknowledged the moderation in economic activity in the first half of the year as well as the low unemployment rate, solid labor market conditions and the elevated inflation. The Fed's forward guidance also did not carry any firm hints of a rate cut in the next meeting due in Sept...