Bitcoin's price surges after Federal Reserve's interest rate decision
Despite pressure from Donald Trump to lower interest rates, the Federal Reserve decided to keep the interest rate between 4.25 to 4.5 percent during Thursday’s meeting. Jerome Powell, the head of the US central bank, emphasized that there is no rush to change monetary policies. Following this decision, the price of Bitcoin (BTC) initially dropped to $101,400 but later surged to $103,800, the highest price in the past three days. Prior to the Federal Reserve’s decision, traders had a 28 percent chance of an interest rate cut in March.
