mudation.com – Bitcoin Rises to $1.36 Million Altcoin Green After Fed Increases Rates 0.5%. A few days ago, the mood of the crypto market looked gloomy as it waited for the Federal Reserve (FED) meeting on May 3-4 (US time) to tackle inflation.
Bitcoin was priced at $38,000 ($1,305,300) and fell to $37,520 yesterday morning, but recovered to $39,035.11 later in the afternoon.
Recently, after midnight on the 5th (4pm in the US), the Fed announced a 0.5% rate hike, bringing Bitcoin to $39,946.20 (1,358,809 baht from Coiningeck).
Ethereum, the second most valuable cryptocurrency, rose 5.57% to $2,944.94 ($100,393), while BNB rose 4.87% to $403.78, XRP rose 6.44% to $0.6507 ($22.17), SOL 1 rose ($8).
rose 5.3% to $86.95 ($2,963) and ADA rose 14.84% to $0.8941. for 30.47 baht. Most other altcoins also gained: DOGE by 5.45%, DOT by 9.54%, AVAX by 11.44%, SHIB by 5.55%, TRX by 22.14%, NEAR by 6.07% and MATIC by 8.11%.
In March, the US inflation rate was 8.5%, the highest rate in 40 years. Interest rates were originally expected to rise by 0.75%, but in the end the Fed only increased by 0.5%.
The crypto market will continue to grow as it avoids inflation or shrink due to war. or for other reasons, he must watch out for fluctuations that may occur at any time.
