Bitcoin is poised to finish this day in the green after the Federal Reserve announced that it wouldn’t raise interested rates until late 2023, keeping its monetary easing policy in place.
The largest cryptocurrency rallied over four percent after Fed Chairman Jerome Powell mentioned that the U.S. central bank would continue providing support “for as long as it takes” during his press conference.
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Crypto Market Prediction: XRP's Engines Are Hot Enough for a Rally, Ethereum (ETH): One More Price Surge Attempt, Shiba Inu (SHIB) Does Not Want to Stop at $0.000008
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While inflation currently remains below 2 percent, it is expected to hit 2.2 percent later this year.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team