$BTC BTC saw a significant rise in price after the Federal Reserve announced that interest rates would remain unchanged. The price of Bitcoin briefly broke through $104,000, indicating a positive market reaction to this policy. Analysts believe that this rise was primarily driven by the futures market, with market participants' sensitivity to short-term trends leading to rapid price fluctuations. The cryptocurrency market exhibited a degree of resilience under the Federal Reserve's hawkish signals, despite traditional stock markets experiencing declines following the policy announcement. The rise in cryptocurrencies is viewed as a response to the Federal Reserve's policies, with investors likely believing that the appeal of crypto assets has increased in the context of unchanged interest rates.
