Bitcoin and U.S. equities surged on Wednesday as investors absorbed remarks from Federal Reserve Chair Jerome Powell following the central bank’s decision to maintain steady interest rates at its recent policy gathering.
The S&P 500 climbed approximately 0.9%, while both the Dow Jones Industrial Average and Nasdaq Composite leaped by over 1%. Investor sentiment buoyed notably following Powell’s indication that a rate hike is improbable for the next policy adjustment.
Cryptocurrency Landscape at Present
Following a descent close to $56,600, Bitcoin faced resistance in surpassing the $59,500 mark. Presently, BTC is trading at $58,300, marking a 3% decline. Similarly, numerous primary altcoins are striving for a resurgence.
ETH gathered momentum above the $3,000 threshold and currently stands at $2,975.35. XRP is presently consolidating gains above the $0.50 mark. ADA is progressing towards the $0.46 level. Solana is listed at US$133.06 with a 7% uptick.
Disclaimer:
The opinions and perspectives expressed by the author, or any individuals referenced in this article, are strictly for informational purposes and should not be construed as financial, investment, or other forms of advice. Engaging in cryptocurrency investment or trading carries inherent risks of financial loss.
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