The U.S. Federal Reserve maintained the effective federal funds rate at 3.64% on January 5th, based on $88 billion in transactions. This mirrors the previous reading from January 2nd, when the rate also held at 3.64% with $92 billion in trading volume.

While the rate stayed unchanged, the slight shift in transaction volume—down from $92 billion to $88 billion—reflects nuanced movements in overnight lending markets. For crypto traders and macro enthusiasts, these Fed data points remain crucial indicators of broader monetary conditions that often influence risk appetite in digital asset markets.

The stability in these rates continues to shape the backdrop for DeFi protocols, staking yields, and overall crypto market sentiment.