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Bitcoin, Ethereum, Solana Surge Post-Fed Announcement

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by Giorgi Kostiuk

5 hours ago

Bitcoin, Ethereum, and Solana prices surged following Federal Reserve Chair Jerome Powell's announcement that current policy remains unchanged.

Crypto Reaction to Fed's Comments

Powell emphasized the Fed's data-dependent approach, leading to significant growth in the cryptocurrency market. Bitcoin, Ethereum, and Solana showed increased activity following his comments.

Ethereum Leads with 4.3% Surge

The cryptocurrency markets responded strongly. Bitcoin surged by 2.1%, Ethereum by 4.3%, and Solana by 3.3%. Experts anticipate further market expansion with growing institutional confidence.

The Fed's dovish tone sets the stage for a potential bull run in crypto assets through 2025 as liquidity conditions ease.Arthur Hayes

Historical Fed Impact on Crypto Markets

Similar occurrences in September 2024 saw a 7.4% increase in Bitcoin prices post-Fed announcements. These historical precedents highlight market behavior patterns following policy declarations.

Potential bull run driven by liquidity changes fosters optimism.Arthur Hayes

Historical data analysis indicates that Federal Reserve policy changes can significantly impact the cryptocurrency market, creating growth opportunities in the long term.

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