Bitcoin price is up today as the market comes to terms with the Fed interest rate benchmark remaining the same over the next few months.
Bitcoin (BTC ) has been up approximately 2.5% in the last 24 hours, trading around $105,000 on Jan. 30, as the market continues to digest what “somewhat elevated” inflation means moving forward for the economy.
Data from Cointelegraph Markets Pro and Bitstamp reveals that Bitcoin price rose from a low of $101,288 on Jan. 29, rising as much as 4.3% to an intraday high of $105,563 on Jan. 30.
BTC/USD daily chart. Source: Cointelegraph/ TradingView
Read more,# Bitcoin Bullishness: Riding High on Fed Rate News!
## Key Highlights:
– **Bitcoin Rocks the Market**: BTC surges by about 2.5% in 24 hours, hitting around $105,000. Someone’s feeling wealthy!
– **Fed’s Keeping It Steady**: The Federal Reserve decided to keep interest rates unchanged for now—talk about strutting into a party without a care!
– **Rally Time**: Bitcoin jumped from $101,288 to $105,563, proving once again that it loves a good roller coaster ride.
– **Inflation Talk**: Market is still chewing over what “somewhat elevated” inflation means, presumably while sipping overpriced lattes.
### Hot Take:
Looks like Bitcoin is giving us all a reason to celebrate…or at least buy another round of tacos. With the Fed playing it cool, BTC is proving that not even inflation can dampen its shiny spirit. So, buckle up and hold onto your hats—Bitcoin is still the wildest ride in town! #CryptoAmusementPark #BitcoinBoom #JustInvestNews
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