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21 Mar 2024, 03:18
š Bitcoin surges 8%, market rebounds after Fed announces keeping interest rate
On March 20, the U.S. Federal Reserve (Fed) decided to keep interest rates at their current level, while signaling that it could still cut rates multiple times this year. This is the fifth consecutive time that the Fed has unanimously agreed not to adjust the interest rate range of 5.25% to 5.5%.
š„ Following the interest rate news, Bitcoin made an impressive "comeback" with an 8.14% increase in just 24 hours. Bitcoin is currently trading at $67,630 USD, about 8% below its all-time high of $73,750 USD set on March 14.
š Following the wave of BTC, altcoins have also made impressive reversals in the past few hours. Ethereum, the world's second-largest coin, has made an impressive 10.03% gain to $3,537 USD. SOL and BNB also saw gains of 10.49% and 9.21% respectively.
š The strong gains of large-cap cryptocurrencies have pushed the total global market capitalization to $2.56 trillion, an 8.14% increase from 24 hours ago.
Bitcoin surges 8%, market rebounds after Fed announces keeping interest rate. On March 20, the U.
š Bitcoin surges 8%, market rebounds after Fed announces keeping interest rate
On March 20, the U.S. Federal Reserve (Fed) decided to keep interest rates at their current level, while signaling that it could still cut rates multiple times this year. This is the fifth consecutive time that the Fed has unanimously agreed not to adjust the interest rate range of 5.25% to 5.5%.
š„ Following the interest rate news, Bitcoin made an impressive "comeback" with an 8.14% increase in just 24 hours. Bitcoin is currently trading at $67,630 USD, about 8% below its all-time high of $73,750 USD set on March 14.
š Following the wave of BTC, altcoins have also made impressive reversals in the past few hours. Ethereum, the world's second-largest coin, has made an impressive 10.03% gain to $3,537 USD. SOL and BNB also saw gains of 10.49% and 9.21% respectively.
š The strong gains of large-cap cryptocurrencies have pushed the total global market capitalization to $2.56 trillion, an 8.14% increase from 24 hours ago.