Bitcoin Climbs to $105,000 Following Federal Reserve Rate Pause

The Fed’s decision to hold interest rates steady has buoyed Bitcoin, while market sentiment remains cautious about inflation and regulatory developments.

Bitcoin rebounded to $105,000 after the Federal Reserve paused its interest rate cuts, maintaining the benchmark rate at 4.25%-4.50%.
The global cryptocurrency market capitalization grew to $3.57 trillion, with Ethereum gaining 3.95% and Dogecoin trading flat.
Market analysts note that a break below $97,877 could jeopardize Bitcoin's bull run, though institutional accumulation is expected to drive long-term growth.
Federal Reserve Chair Jerome Powell emphasized that U.S. banks can serve crypto clients if they manage risks, while calling for clearer regulations from Congress.
President Trump has criticized the Fed's handling of inflation and pushed for sharper rate cuts, which some believe could further fuel Bitcoin's rise.