Bitcoin Sees Significant Price Increase After Federal Reserve Decision
AI-Generated Summary
Bitcoin saw a notable increase in price following the Federal Reserve's interest-rate decision and comments regarding crypto regulation from Chair Jerome Powell.
Bitcoin experienced its largest price jump in over a week, following the recent interest-rate decision made by the Federal Reserve.
Chair Jerome Powell made comments during the announcement that briefly mentioned crypto regulation, contributing to the positive sentiment in the market.
The largest digital asset traded at approximately $104,300 as of 10 a.m. Thursday in Singapore, marking a 3.5% increase from the previous US trading day.
Other smaller cryptocurrencies, such as Ether and XRP, experienced limited price fluctuations, trading within relatively narrow ranges.
