Bitcoin’s price trajectory last week has been a fascinating example of steady performance amidst a backdrop of volatility. Starting at $84,000 on Sunday, Bitcoin, the flagship cryptocurrency, seems to have settled at this very figure days later, signifying a puzzling yet adequate endorsement of its current value. Unlike the wild rollercoaster rides witnessed in previous
Analysis
Despite the Federal Reserve opting not to lower interest rates, the cryptocurrency market has shown remarkable resilience. Bitcoin, usually a barometer for investor sentiment, surged to over $87,500 following the announcement, showcasing just how tightly intertwined the crypto and traditional financial markets have become. The Fed’s decision should have signaled caution; after all, a higher