In brief
- The Federal Reserve kept interest rates still on Wednesday.
- Despite this, Bitcoin on Thursday broke above $100,000.
- President Trump continued to criticize Federal Reserve Chair Jerome Powell.
Bitcoin and other cryptocurrencies soared Thursday along with other risk-on assets buoyed by a U.S.-U.K. trade deal, and despite President Donald Trump’s latest attacks on Federal Reserve Chair Jerome Powell to cut interest rates.
The largest cryptocurrency by market value cracked $100,000 for the first time since February on Thursday morning New York time. BTC was recently trading over $101,289 after jumping more than 5% over the past 24 hours, crypto markets data provider CoinGecko shows.
On Wednesday, the Fed decided to keep interest…
May 10 2025
