The price of Bitcoin experienced notable fluctuations following the Federal Open Market Committee meeting, but it managed to recover most of its losses and return to levels close to $120,000.
The currency had previously dropped to its lowest level in two weeks below $114,500, before rising again at the beginning of the week.
The market was affected by U.S. GDP data, which came in higher than expected, but the Federal Reserve's decision not to adjust interest rates sparked a period of volatility, temporarily pushing the price of Bitcoin below $116,000.
The absence of any mention of the strategic Bitcoin reserve in the digital assets report issued by the White House contributed to this decline.
Nevertheless, Bitcoin returned to the $119,000 level this morning, with a market value close to $2.36 trillion and a dominance of 59.4% according to the CG index.
Regarding alternative currencies, the market recorded a general recovery, with Ethereum rising to $3,900 at a daily rate of 1.5%, and most major currencies posted varying gains, including BNB, SOL, DOGE, ADA, and XLM.
SUI also rose by more than 4%, LINK by 3%, while HBAR added about 5.7% of its value.
As for ENA, it again topped the scene with a rise exceeding 16% to reach $0.675, making it the best performer of the day.
As a result of this activity, the total market value of cryptocurrencies increased by about $30 billion, reaching $3.97 trillion.
