Bitcoin breaks $105,000! Could this be the start of a new rally?
Bitcoin ($BTC ) broke $105,000, boosted by the Federal Reserve's (Fed) decision to keep interest rates unchanged. The crypto market reacted quickly, reversing an initial drop and recording one of the highest levels in recent days.
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What's moving the market?
The Fed chose to keep interest rates between 4.25% and 4.50%, citing economic growth and inflation as decisive factors. The decision brought relief to investors, who feared adjustments that could impact risk assets such as Bitcoin.
In addition, BTC's appreciation in recent weeks was driven by the US political scenario. Since Donald Trump's election victory, Bitcoin has already accumulated a rise of over 50%, reflecting the expectation of more favorable policies for cryptocurrencies.
Market reaction
Bitcoin reached US$ 105,000, after falling to US$ 101,800 in the Fed's announcement
Ethereum ($ETH ) rose 2%, trading at US$ 3,184
Solana ($SOL ) appreciated 4.1%, reaching US$ 239
Meanwhile, traditional markets recorded a mixed performance:
🔻 Nasdaq fell 1.1%
🔻 S&P 500 fell 0.9%
🟡 Gold remained stable above US$ 2,750
Where is Bitcoin headed?
Despite the strong recovery, analysts warn that BTC may face resistance. The asset reached $109,241 before Trump's inauguration, but retreated shortly after.
Source: Decrypt
Is this rise just the beginning of a new appreciation cycle or has the market already priced in this expectation?
💬 Leave your opinion in the comments! Do you believe BTC will continue to rise?
Warning: This content is not an investment recommendation. Do your own research and inform yourself thoroughly before making any decision.