Cryptos Decline As Fed Holds Rates
The Federal Reserve's decision to hold interest rates steady has negatively impacted the crypto market, leading to a decline of over 2% in overall market capitalization within 24 hours. Bitcoin and Ethereum both experienced losses, with Bitcoin trading at $87,855.90 and Ethereum at $2,927.25. The market capitalization of cryptocurrencies now stands at $2.97 trillion, with more than 80 of the top 100 cryptocurrencies showing losses. In contrast, gold and silver prices surged, reflecting a continued flight to precious metals amid economic uncertainty.
