All eyes were on the FOMC meeting in the US as the Federal Reserve was expected to announce its monetary policy and, perhaps most importantly, its plans on how to tackle the increasing inflation. Finally, the central bank said it would not change the interest rates, which caused an immediate reaction for the flagship Cryptocurrency and other financial markets. BTC spiked by nearly $4,000, and other altcoins also registered impressive price increases as Ethereum reclaimed the $4,000 level.