#FedHODL

The Fed Holds Interest Rates, Crypto Market Rises Again by 4%"

The Federal Reserve (The Fed) decided to hold its benchmark interest rate at 4.25% to 4.5% early Thursday (30/01). This decision caused the crypto market capitalization to rise by 4% in the last 24 hours.

This decision is the first at the beginning of the year, after the Fed moderately lowered its benchmark interest rate three times last year.

Meanwhile, the top ten digital assets experienced a simultaneous increase, led by Cardano (ADA) with 3.76%. Then followed by Bitcoin which again touched the US$100 thousand level and rose by 2.38%.

Next, there are XRP and Ethereum (ETH) which both recorded positive growth of 1% in the last trading day.