Bitcoin Hits 2-Week High Post-FOMC, XRP Surges 8%

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Expectedly, XRP is the top performer today from the larger-cap alts.

Although the Fed didn’t lower the interest rates, bitcoin’s price actually reacted well following the meeting and shot up to a multi-week peak of over $87,500 where it faced some resistance.

Many altcoins are also well in the green, led by XRP after Ripple’s victory in the legal case against the US SEC.

BTC Above $85K

Last week didn’t go all that well for the largest cryptocurrency, but it had managed to recover some ground by the time the weekend arrived and stood calmly at around $84,000. Following some volatility on Sunday due to large short positions on Hyperliquid, the asset was rejected at $85,000 at the start of the current business week and slumped to $81,200 on Tuesday.


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