Bitcoin Soars Past $101,000 as Crypto Bounces Back
The crypto market came to life on Thursday as investors continued to buy riskier assets like cryptocurrencies and growth stocks. The Federal Reserve’s move to not change interest rates yesterday played a role, but so does the seeming idea that trade tensions are easing.
At 2:30 p.m. ET, Bitcoin (BTC 0.47%) is up 5% over the past 24 hours, Ethereum (ETH -1.16%) has jumped 13.8%, and Dogecoin (DOGE -3.06%) is up 10.8%.
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Trade deals, interest rates, and crypto
The biggest news of yesterday was the Federal Reserve keeping the fed funds rate at 4.25% to 4.5%, which was what the market expected. But President Trump is pushing for lower rates while tariffs are threatening inflation,…
