The price of Bitcoin (BTC) is holding above $26,000 on Sept. 25, continuing to show weakness after last week’s United States Federal Reserve interest rate decision.

Crude prices had first weekly loss in four after the Federal Reserve signaled it might raise interest rates again before the end of the year — and anytime inflation gets out of hand. 

The downside in oil prices was, however, limited by Russia’s export ban on fuels, which counteracted fears that slowing economies and high interest rates could crimp demand for energy.

Bitcoin (BTC-USD) and other major cryptocurrencies experienced a dip in value on Thursday, erasing gains made earlier in the week. The decline came after the Federal Reserve signaled that interest rates would remain high for an extended period, with Bitcoin retreating 2.3% to $26.5K.

On Friday, the yen fell sharply against the dollar, trading at 148.31, following the Bank of Japan's decision to keep interest rates in negative territory. This move indicates that the bank is not in a hurry to wind down its large-scale stimulus program. Concurrently, the dollar rose by 0.2%, marking its 10th successive weekly gain, bolstered by a decline in the euro due to poor economic data from the Eurozone.

Mark Fisher, the founder of MBF Clearing Corp., forecasted in a CNBC interview on Thursday that crude oil prices could surpass $100 per barrel due to global supply shortages. This prediction was made on the same day as Russia announced an immediate temporary ban on diesel and gasoline exports to all but a select group of former Soviet states.

Oil prices are approaching the $100 per barrel mark this Thursday, with many analysts forecasting that they will surpass this threshold within the year. The escalating cost of oil has been a significant contributor to U.S. inflation, directly affecting gasoline prices and consequently driving consumer prices up. Over half of the 0.6% increase in consumer prices recorded in August can be attributed to gasoline, which currently averages at $3.87 per gallon, a roughly 20 cents increase from last year, according to AAA.

The United States Federal Reserve Open Market Committee’s September decision on interest rates was entirely expected, with the FOMC holding rates at the current level of 5.25% to 5.5%. As also expected, the committee indicated there may be another rate hike coming this year, with Chairman Jerome Powell insisting — as usual — in his Sept. 20 press conference that the job of getting inflation back to the Fed’s 2% target is in “no way done.”

Crude oil prices have seen a significant drop in the Asian market on Thursday, following the Federal Reserve's warning of a possible increase in U.S. interest rates. This news has led investors to secure their recent gains, despite an ongoing expectation of a limited supply that could potentially boost crude oil's future prospects.

The dollar reached a 6.5-month peak on Thursday, September 21, 2023, after the U.S. Federal Reserve signaled a continuation of its restrictive policy, even as it held rates steady. This comes as the Swiss franc fell following the Swiss National Bank's decision to maintain unchanged rates, marking the first time it has not increased rates since March 2022.

Gold futures marked a significant uptick on Wednesday, settling higher for a fifth consecutive session. This is the longest streak of daily gains since January, according to Dow Jones Market Data. The surge in prices was maintained even after the Federal Reserve's announcement, with the metal holding onto the bulk of its gains in electronic trading.