$BTC Bitcoin survives high interest rates in the US and flirts with US$ 104 thousand again

Statement by the chairman of the Federal Reserve (Fed, the US central bank), Jerome Powell, this Wednesday (29) helped the cryptocurrency to recover value.

The day of monetary policy decisions in the US is always a moment of tension for bitcoin (BTC) and cryptocurrencies in general, and this time was no different. Despite the expected maintenance of interest rates, the words of the chairman of the Federal Reserve (Fed, the US central bank), Jerome Powell, brought a breath of relief to the market.

Without missing a beat, the largest cryptocurrency in the world managed to recover part of the losses accumulated over the last week in a few hours, returning to close to US$ 104 thousand.

At around 7:20 pm, bitcoin was trading up 3.07%, trading at around US$ 103 thousand, according to Coin Market Cap, at the time of this publication.