Federal Reserve Chairman Jerome Powell recently announced that US interest rates will remain unchanged. This decision has the potential to impact the price of Bitcoin and the crypto market as a whole.
The crypto market is on a roll with little sign of recovery. With Powell stating that he is not hinting at a rate cut, the crypto market could potentially see further gains.
However, it is important to remember that an asset’s performance does not dictate future performance projections. Crypto trading is highly risky and volatile, so it is important to do your own research (DYOR) and using cold money before investing.
Currently, the price of Bitcoin is trading around $86,117.01, up 3.17% in the last 24 hours. Meanwhile, the overall crypto market cap has seen a significant increase in the past 1 day.