Altcoins News
By Bruce Buterin
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Bitcoin's Wild Price Swing. The cryptocurrency's bounce back was dramatic. Before the Fed announcement, Bitcoin had dropped to…
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What Traders Are Watching. Powell didn't give much away about future rate moves, which is keeping everyone guessing.
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Fed's Next Moves Unclear. The central bank didn't drop any hints about crypto regulations during the meeting, which some…
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The Federal Reserve kept interest rates unchanged Wednesday, sending Bitcoin on a wild ride that ended with the cryptocurrency hitting $72,000.
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Bitcoin's surge came fast and hard after Fed Chair Jerome Powell said the central bank wasn't ready to cut rates yet.
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The cryptocurrency's bounce back was dramatic. Before the Fed announcement, Bitcoin had dropped to around $68,000 as traders got nervous about potential hawkish signals.
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JP Morgan analysts said the rapid recovery shows there's still strong demand underneath all the volatility.
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Ethereum climbed 5% to hit $2,400, and other major cryptocurrencies followed suit. The whole crypto market seemed to exhale once it became clear the Fed wasn't going to surprise…
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Powell didn't give much away about future rate moves, which is keeping everyone guessing. He mentioned that the Fed will keep watching inflation data closely, but there's no…
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Goldman Sachs put out a report saying Bitcoin's reaction shows just how sensitive crypto has become to interest rate policy.
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Galaxy Digital's Michael Novogratz sees Bitcoin's performance as proof it's becoming a real inflation hedge.
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Cathie Wood from ARK Invest doubled down on her bullish Bitcoin call after the Fed decision.
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Fidelity's digital asset division said the Fed decision reinforces Bitcoin's potential as a portfolio diversifier.
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No word yet on when the Fed might start cutting rates, but most analysts think it won't happen until inflation gets closer to the 2% target.
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