Bitcoin Soars to $87K as Fed Holds Interest Rates Steady – What’s Next for Crypto? 📈
In a highly anticipated move, the US Federal Reserve decided to keep interest rates steady between 4.25% and 4.5% following the March FOMC meeting. This decision was expected as CME data indicated a 98% probability of no rate changes. However, while stable rates typically create uncertainty in cryptocurrency markets, this time the FOMC's plan to slow its balance sheet runoff starting April 1 could bring about new dynamics.
This announcement has coincided with a significant rise in Bitcoin's price, reaching $87,000, and leaving market participants wondering about the potential implications for the crypto landscape moving forward.
Source: www.fxcryptonews.com ↗
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