Fed's steady hand drives Bitcoin toward $100K; ETH, other altcoins surge

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Fed's steady hand drives Bitcoin toward $100K; ETH, other altcoins surge - Business Standard

Quick Summary:

The last 24-hour trading range for Bitcoin was between $95,829.33 and $99,406.51, according to data from CoinMarketCap.

Following the announcement, the flagship cryptocurrency Bitcoin reclaimed the $99,400 level, just 600 points shy of the $100,000 mark.

This bullish momentum, Piyush Walke – derivatives research analyst at Delta Exchange, said, is likely to sustain as investors are increasingly viewing Bitcoin as a store of value rather than merely a speculative asset.