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3mo ago

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.

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BTC in stasis as gold shines. (Pexels/Pixabay)
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Overview

  • 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.