While the US Federal Reserve (FED) decided to keep interest rates constant, greening was observed in Bitcoin (BTC) and cryptocurrencies.
Bitcoin crashed for the first time since its sharp decline on Monday 43 thousand dollars levels He climbed on it. FED’s leaving the interest rate constant and signaling that it will reduce it for the next year Bitcoin And cryptocurrencies It caused a recovery.
Yesterday evening, the Federal Open Market Committee (FOMC) announced the current situation until the end of 2024 at the end of its December meeting. 5.25%-5.5% interest rates between to 4.6% He predicted that it would fall by .
The statements brought an increase in Bitcoin and cryptocurrencies, as well as other risk assets such as stocks.
One of the largest altcoins in the cryptocurrency market Avalanche (AVAX), Cardano (ADA) and Injective (INJ) While experiencing value increases of nearly 10%, smart contract tokens were the ones that rose the most.
Coinbase’s stake COIN 8% with MicroStrategy stock MSTR whereas 5% He closed the day with. Bitcoin miners listed on US exchanges Marathon Digital (MARA), Riot Platforms (RIOT), CleanSpark (CLSK) It increased by up to 16% during the day.
Analysts of the cryptocurrency exchange Bitfinex say that keeping interest rates constant or reducing them crypto- moneys Can be included in all investment instruments including more He interpreted it as money.