Bitcoin Tops $67,000 Following Fed's Decision; Ondo Emerges As Top Gainer
Portfolio Pulse from Avi Kapoor
Bitcoin and Ethereum saw significant gains, with Bitcoin surpassing the $67,000 mark and Ethereum trading above $3,500, following the Fed's decision to keep interest rates unchanged. Ondo emerged as the top gainer with a 31.6% increase, while Render experienced the largest loss. The global crypto market cap increased by 5.5% to $2.55 trillion.
March 21, 2024 | 1:41 pm
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Bitcoin surpassed the $67,000 level, trading higher by 4.8% at $67,292 after the Fed's decision to keep interest rates unchanged.
Bitcoin's price increase is directly linked to the Fed's decision to keep interest rates unchanged, which is typically seen as bullish for cryptocurrencies.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
Ethereum also saw gains, trading above the $3,500 mark with a 6.3% increase to $3,541 following the Fed's announcement.
Ethereum's price gain is influenced by the same factors as Bitcoin, benefiting from the Fed's decision to maintain current interest rates.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 85