The Federal Reserve held its federal funds rate steady at 4.25% to 4.50%. The decision aligns with market expectations, reflecting a 99% probability, as indicated by the CME Group’s FedWatch Tool.

Recession fears are escalating due to economic policies from the Trump administration, particularly trade tariffs. Chairman Jerome Powell is anticipated to address these concerns in his upcoming remarks.

Robbie Mitchnick from BlackRock believes that Bitcoin may perform well during a recession, driven by increased fiscal spending and monetary stimulus. Currently, Bitcoin has risen by approximately 15% since early November.