Bitcoin Struggles to Reach $105K in Response to Federal Reserve's Decision, Altcoins Remain Stagnant

Following the Federal Reserve's decision to maintain the current interest rates, Bitcoin is striving to hit the $105,000 mark, experiencing mild volatility in the process. Meanwhile, altcoins are showing little to no change. Although the Fed's decision didn't bring any surprises, it did point out some adjustments in its economic perspective. Bitcoin’s value is approximately $104,800, indicating a slight daily increase of 0.2%.

Despite a drop to about $103,600, investors quickly intervened, pushing the price close to $105,000. The Federal Reserve's decision to keep interest rates between 4.25% and 4.5% was anticipated by most traders. Altcoins, on the other hand, have remained stagnant, with minor exceptions. For instance, Uniswap’s native token, UNI, experienced a 5% increase, while Hyperliquid's HYPE saw a decrease of 7% over the past 24 hours.