Cryptocurrency bettors aren’t expecting any change to the Federal Reserve’s policy in July, following the central bank’s unanimous decision to keep the federal funds rate unchanged on Wednesday.

Polyamarket Projects Rates To Remain Steady

Bets in favor of rates falling below the current 3.50%–3.75% range remained very low. Over $11.8 million has already been wagered on the outcome, making it one of the most traded contracts on Polymarket.

These predictions broadly aligned with the CME FedWatch tracker, which currently estimates a 70% chance of rates remaining steady in July. The probability of a 25-basis-point rate hike rose to almost 30%, up from 8.5% the previous day.

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