Bitcoin bounced back above $106,000 Thursday, amid shifting investor sentiment around the Fed’s decision to pause its interest rate cuts.
During the Federal Open Market Committee meeting, the Fed left its benchmark interest rate unchanged, keeping it within the target range of 4.25% to 4.50%. Lower interest rates typically benefit risk assets like stocks and crypto, with traders remaining cautious but optimistic over Bitcoin’s trajectory.
Elsewhere, Bitcoin was buoyed by news that Illinois has joined a growing list of states exploring the possibility of a Bitcoin reserve as part of their financial strategy, just a day after Arizona advanced a bill allowing public funds and pensions to invest in Bitcoin.
Bitcoin Jumps to $106,000 as Fed Fears Fade
Bitcoin rose to $106,000 Thursday following the Fed's decision to hold rates steady, with Chair Jerome Powell signaling openness to crypto banking.
Illinois Introduces Bitcoin Reserve Bill, Joining Growing List of States
Illinois has become the latest state to propose a Bitcoin reserve, joining a growing list of states advancing similar bills.
Official Donald Trump Solana Meme Coin Can Now Be Used to Buy Presidential Merch
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SEC Logs Spot Litecoin ETF Filing from Canary Capital, Opens Comment Period
Canary's proposed Litecoin ETF aims to eliminate the technological hurdles that have historically irked mainstream investors.
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🤖 EMERGE: Charity Launches AI ‘Muses’ for Fact-Checking, Research
The Society Library created the AI agents to thank the crypto community for developing the SL token in their name.
(Sponsored post by The Society Library)
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The Metropolitan Museum of Art has launched a Web3 art history game on Coinbase L2 Base that rewards players with NFTs.
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