Federal reserves latest interest rates decision effects on Cryptocurrencies

The market is pricing in a near-100% certainty that the Fed’s rate-setting Federal Open Market Committee (FOMC) will keep interest rates on hold. Bitcoin and crypto traders are braced for the Federal Reserve’s latest interest rate decision after U.S. president Donald Trump called for rates to come down sharply. The bitcoin price dropped sharply toward $100,000 before bouncing back to around $102,000 though bitcoin and crypto remain subdued despite BlackRock chief executive Larry Fink revealing a sovereign wealth fund bombshell. Can bitcoin be run independent of federal reserves activities ?