Bitcoin Soars as Fed Boosts Markets

Cryptocurrencies and U.S. Stocks Rise After Fed Holds Interest Rates

• Bitcoin’s price increased by over 4% to $85,648, peaking at $85,890.
• Ethereum rose more than 7%, reaching a current price of $2,038.
• Solana climbed by 8% over a day to nearly $134.
• The total crypto market cap is now $2.91 trillion, up more than 3% in a day.
• The S&P 500 and Nasdaq both rose by more than 1% following the Fed’s announcement.

After the Federal Reserve maintained interest rates between 4.25% and 4.50%, Bitcoin surged past $85,000, while Ethereum and Solana also saw significant gains. The broader crypto market cap increased to $2.91 trillion.