US EditionBitcoin nears $100K as Fed holds rates steady; Ethereum, Altcoins surge up to 8%
- Bitcoin neared the $100,000 mark on Thursday following the U.S. Federal Reserve’s decision to maintain the current interest rate during its latest policy meeting.
- The Fed's decision came after several quarters marked by easing inflation and steady economic expansion, with Chair Jerome Powell stressing that future policy adjustments would depend on incoming data.
- This dovish stance triggered a rally across cryptocurrencies and equities, underpinned by renewed investor confidence and a surge of over $4.7 billion into Bitcoin ETFs.
- Bitcoin surged more than 6% in 24 hours to a 2025 high near $98,820, while Ethereum, supported by its growing DeFi ecosystem, rose close to 7.5% to trade above $5,400.
- The sustained ETF inflows and large whale wallet accumulation suggest potential continued upward momentum, although experts advise traders to monitor risks and key support levels closely.
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11 Articles
Bitcoin passed the $100,000 threshold, while Ethereum passed the $2,000 threshold. The rapid rise in Bitcoin and altcoins hit short positions. Read More: Short Hunt Has Started in Bitcoin and Altcoins! They Wiped Out $810 Million in 24 Hours
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Key points: Bitcoin price hangs near $97,000 as traders await today’s FOMC minutes. Bitcoin holding $95,000 as support is key for bullish price expansion in the short term. Select altcoins are holding their respective support levels, opening the gates for a short-term rally. Bitcoin (BTC) bulls are trying to knock down the immediate resistance at $97,895 and challenge the all-important $100,000 level. Crypto analytics platform Santiment said in …
Bitcoin’s Bollinger Bands Signal Bullish Run Toward $160,000
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The Federal Reserve’s recent decision to keep interest rates constant has sparked investor interest in risk assets, most especially funds connected to Bitcoin and cryptocurrencies. Markets have seen this delay as a dovish tilt, which has driven a notable increase in flows into Bitcoin exchange-traded funds (ETFs), indicating a fresh optimistic mood about the crypto investment scene. Fed Indices Patience: Markets Respond The Federal Open Market C…
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