Bitcoin is on the rise after the news of the Central Bank of the United States, the Federal Reserve (Fed), deciding to keep its benchmark interest rate unchanged.
According to the global virtual asset market monitoring site CoinMarketCap on the 20th, Bitcoin is trading at $86,316 as of 8:04 a.m. on that day. This is a 4.67% increase compared to the previous day. At the same time, the price of Ethereum is $2,052, up 3.12% from the previous day, and Ripple is at $2.30 (approximately 3,350 won), reflecting a 6.78% rise.
The Federal Reserve noted on the 19th (local time) that it has decided to maintain the benchmark interest rate at the existing 4.25% to 4.50%, emphasizing the uncertainty regarding economic forecasts. Although concerns about a recession have been raised, the decision to freeze the rate is interpreted in light of the slowing trend in inflation and the increased uncertainty in the economy due to President Trump's "tariff war."
The simultaneous rise in major virtual asset prices is due to the resolution of short-term uncertainties regarding a rapid interest rate cut. Additionally, the increased preference for risk assets has also influenced the prices.