© Reuters. Cryptos Upbeat As Fed Maintains Status Quo — Solana, Avalanche And Dogecoin Rebound
Benzinga – by Murtuza Merchant, Benzinga Staff Writer.
The cryptocurrency market has demonstrated resilience despite the U.S. Federal Reserve holding interest rates at their current level.
Prices of major digital assets continue to rise. Bitcoin (CRYPTO: BTC), for example, witnessed a notable increase in its price, currently trading at approximately $42,760.
This marks a 4.1% increase in the last 24 hours, reflecting investor confidence and a positive market sentiment following the Fed’s announcement.
Bitcoin’s market cap currently stands strong at around $836.9 billion, dominating 50.0% of the total cryptocurrency market.
Also Read: ATOM, BONK, SUI: Crypto Experts’ Bullish Forecasts Set The Stage For These Targets
Top 10 Cryptocurrencies: A Snapshot
Market Outlook
The cryptocurrency market is showing signs of robust growth and resilience in response to the Federal Reserve’s decision.
Investors seem to be optimistic, as evidenced by the surge in prices of major cryptocurrencies.
This trend highlights the increasing influence of macroeconomic factors on the digital asset market.
Read Next: Five Utility Tokens Ready To Surge In The Crypto Bull Run: Report
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