The Cryptocurrency Market Sees Significant Gains
The cryptocurrency market is booming during Thursday’s early morning hours, with bitcoin poised to recover price levels not seen since February. The leading cryptocurrency experienced an upswing of nearly 3%, reaching prices of over $99,000 on several exchanges. Similarly, ether also rose to levels not seen since April, surpassing the key $1,900 mark.
Market Recovery Driven by Federal Reserve's Decisions
This market recovery follows the Federal Reserve’s decision to maintain key interest rates without changes. The lack of action may drive investors toward non-traditional assets, as analysts focus on the U.S. economy and the absence of measures to “fix it” amid an unclear macroeconomic environment marked by tariff uncertainty and the potential for renewed conflict between India and Pakistan.