Federal Reserve Chair Jerome Powell announced that no interest rate hike is anticipated at this time, providing relief to both financial and cryptocurrency markets. This decision indicates the Fed's current stance against tightening monetary policy, offering a stable environment for risk assets such as cryptocurrencies. While the pause in rate hikes does not assure future rate cuts, it underscores the increasing connection between crypto markets and traditional finance, highlighting the importance for investors to stay attuned to macroeconomic trends and policy updates.