| The crypto market has climbed over the last 24 hours as traders brace for the Federal Reserve’s interest rate decision that’s expected to see the first post-pandemic era cut. Fed chair Jerome Powell’s subsequent press conference will be closely watched for signs of how Fed officials see the economic situation playing out the rest of the year.
The bitcoin price has climbed back over $60,000, up 3% since this time yesterday. Ethereum and the rest of the crypto market have failed to keep up with bitcoin, with most of the top ten only slightly higher. Ethereum rival solana and Ripple’s XRP have both dipped by around 1%. |
