2025-01-30T05:47:53+00:00
Bitcoin’s price has seen its first increase in five days, coinciding with a renewed market interest in high-risk assets, following the Federal Reserve’s decision to maintain current interest rates.
The leading cryptocurrency by market capitalization surged by as much as 4.5%, reaching a value of $104,783.
Recent declines in cryptocurrency prices were partly influenced by volatility attributed to Chinese artificial intelligence firm Deepseek, which has impacted broader market trends.
Bitcoin’s value has shown a tendency to correlate with stock market movements in recent days.
Federal Reserve Chair Jerome Powell indicated that officials are not rushing to lower interest rates, emphasizing the central bank’s intention to observe further developments in inflation metrics prior to any adjustments, especially following a series of price declines in the previous year.
Furthermore, CoinShares has noted an increasing sensitivity of cryptocurrency prices to interest rate fluctuations, suggesting that recent cautious statements from the Fed could negatively affect the cryptocurrency market by delaying potential rate cuts.