Bitcoin surpasses $99,000 and aims for $100,000 after the Fed maintained interest rates.
Bitcoin has risen more than 2.6% in the last 24 hours, trading above $99,000 and close to $100,000. This increase is due to the Federal Reserve not lowering interest rates to 3.0%, as demanded by U.S. President Donald Trump.
The Federal Reserve's decision to keep rates low reflects its concern about inflation and unemployment. Jerome Powell, Chairman of the Federal Reserve, noted that inflation has decreased but is still above the desired level of 2%.
