#BTCBreaks99K has risen by more than 2.6% within the last 24 hours to trade above $99,000 and near the $100,000 level. This rise is due to the Federal Reserve’s failure to reduce the interest rates to 3.0% as demanded by U.S President Donald Trump.

The Fed’s decision to keep the rate low reflects its worries over inflation and unemployment. Jerome Powell, the chair of the Federal Reserve, pointed out that inflation has come down but is still above the desired level of 2%.