Major cryptocurrency prices are also rising on a signal that the U.S. Federal Reserve (Fed) will hold its benchmark interest rate.

At 8:11 a.m. on the 4th, according to CoinMarketCap, a global cryptocurrency market site, bitcoin was trading at $81,099, up 5.09% from 24 hours earlier. Over the same period, ethereum was up 4.66% at $2,496.99. XRP (Ripple) was up 7.77% at $1.45, and solana was trading at $104.05, up 4.2%.

A price chart for coins reflects on the floor where a Bitcoin model sits at the Bithumb Lounge Gangnam Main Branch in Seocho-gu, Gangnam-gu, Seoul. /Courtesy of News1

On the 3rd (local time), CNBC reported that Christopher Waller, a U.S. Fed governor, said inflation is "significantly above" the Fed's 2% target, but recent trends "suggests that we may finally be seeing some signs of disinflation." He also hinted, "If the indicators to be released over the next two weeks maintain this pattern, I will lean toward supporting keeping the benchmark interest rate at its current level."

With the U.S. Fed indicating the possibility of holding the benchmark rate, it is seen that prices of cryptocurrencies, classified as risk assets, are rising.

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