Bitcoin Surges as Fed Pauses Rates

Bitcoin Gains as Federal Reserve Keeps Interest Rates Unchanged

• Bitcoin increased by approximately 2% after the Federal Reserve’s decision.
• The cryptocurrency has surged 22% over the past month.
• The Fed maintained interest rates at a target range of 4.25% to 4.5%.
• U.S. unemployment remained steady at 4.2%, with 177,000 jobs added in April.
• Core PCE inflation rose by 2.6% over the year through March.

The Federal Reserve decided to keep interest rates unchanged amidst economic uncertainties, leading to a roughly 2% rise in Bitcoin shortly after the announcement. The cryptocurrency has seen a significant increase of about 22% over the past month.