Bitcoin Surges in Anticipation of Fed Decision, Cardano Tops Gainers.

1 min read
Source: CNBC
Bitcoin Surges in Anticipation of Fed Decision, Cardano Tops Gainers.
Photo: CNBC
TL;DR Summary

Cryptocurrencies, including Bitcoin and Ether, rose slightly ahead of the Federal Reserve's latest policy decision on interest rates. While the central bank is expected to raise rates by 25 basis points, analysts predict that any sell-off in Bitcoin and Ether prices will be minimal. Bitcoin's price has risen over 20% this month, with its correlation with stocks breaking after two years. However, macroeconomic factors remain the biggest drivers of Bitcoin's price, and investors will be listening to Fed Chair Jerome Powell for long-term economic projections.

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