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Bitcoin Rises for First Time in 5 Days as Federal Reserve Holds Interest Rates Steady

Economic Insights – Baghdad

The price of Bitcoin experienced an uptick for the first time in five days, reflecting a renewed interest in high-risk assets following the Federal Reserve’s decision to maintain interest rates.

The foremost cryptocurrency by market capitalization surged by up to 4.5%, reaching a value of $104,783.

Recent declines in cryptocurrency prices were exacerbated by fluctuations triggered by the Chinese artificial intelligence firm Deepseek, impacting broader market trends.

Bitcoin has shown increased correlation with stock market movements in recent weeks.

Federal Reserve Chairman Jerome Powell remarked that officials are not in a rush to lower interest rates, indicating a cautious approach in the central bank’s monetary policy. He noted that more clarity on inflation progress is needed before any adjustments to rates can be made, following a series of price cuts last year.

According to Coinshares, Bitcoin is becoming increasingly responsive to interest rate fluctuations; therefore, the dovish signals from the Fed regarding rate reductions are likely to exert a negative influence on cryptocurrency prices.

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