Source: Bloomberg
“Bitcoin held its biggest jump in more than a week following the Federal Reserve’s interest-rate decision and comments from Chair Jerome Powell that touched briefly upon crypto regulation. The largest digital asset changed hands at about $104,300 as of 10 a.m. Thursday in Singapore, holding a climb of 3.5% from the US day. Smaller tokens such as Ether and XRP traded in relatively narrow ranges. Powell in his customary briefing after Fed officials Wednesday paused monetary easing signaled that the central bank will need to see more progress on inflation before considering any further reduction in interest rates.” (01/30/25)