Today’s encryption price: Bitcoin rises above 105300 dollars amid the interest rate stop; Jumping on altcoins up to 10 %

BitcoinThe largest world Coded By the market ceiling, it rose above $ 105,000 on Thursday after the United States Federal Reserve I kept the rates fixed and provided limited guidelines about more discounts in borrowing costs this year.

At 10:57 am IST, Bitcoin increased by 3.1 %, trading it at $ 105336, while ETHEREUM rose by 2 %, reaching $ 3,187.

“There will be a rush to reduce the prices again until it made inflation and job data suitable,” said Jerome Powell, head of the Federal Reserve, said.

Powell also pointed out that federal reserve officials are awaiting the impact of Trump’s policies on inflation and economic activity. The markets now expect that the Federal Reserve will reduce interest rates by about 50 basis points by the end of the year.“Bitcoin maintains a degree greater than $ 105,000 after the Federal Reserve kept interest rates unchanged at 4.25 % -4.5 %. This step indicates the waiting and viewing approach from the Federal Reserve to measure the impact of any cash changes by Trump in the coming weeks. Despite the tumultuous observations, the markets looked at this as a thunderbolt, where stable interest rates indicate that economic conditions are stable enough to avoid tightening aggression, “said Edol Patel, the founder of Modricx.

“The following BTC resistance is 106,500 dollars with support of up to 101,100 dollars,” Edul added. TimingThe Quarter’s profit report showed ie Bitcoin sales and did not reveal 600 million dollars of unrealized gains from their position in Bitcoin, which enhances market confidence, according to Coinswitch Markets Desk.major Altcoins also witnessed gains, including Solana (4.5 %), Dogocoin (1.5 %), Cardano (2.2 %), Tron (1.3 %), Avalanche (2 %), ChainLink (5 %), Hedra (4.5 %), SUI (6.9 %), and Litecoin (10.6 %).

Global encryption currency Market value 2.7 % over the past 24 hours has risen to about $ 3.56 trillion. Stablecoins is now 90.82 % of the total coding market over 24 hours, at $ 116.15 billion.

The market value in Bitcoin increased to $ 2.087 trillion, and its size increased 24 hours by 22 % to 52.41 billion dollars.

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