Bitcoin Hits $105K as Fed Holds Rates, Litecoin ETF Buzz Grows”
Crypto markets surge as the Fed keeps rates steady. BTC tops $105K, LTC jumps 14% on ETF news, and total market cap hits $3.74T.
- Bitcoin surges past $105K as the Fed holds interest rates steady.
- Litecoin jumps 14% amid SEC’s review of a potential ETF.
- Market cap reaches $3.74T, with BTC dominance at 55.77%.
Crypto Markets React to Fed Decision
The cryptocurrency market surged after the Federal Reserve announced it would keep interest rates unchanged. Bitcoin (BTC) broke past $105,000, while Litecoin (LTC) soared 14% following news that the SEC is reviewing a Litecoin ETF application.
At the time of writing, the total crypto market cap stands at $3.74 trillion, reflecting a 2.01% increase over the last 24 hours. Bitcoin dominance has risen to 55.77%, signaling stronger confidence in BTC compared to altcoins. Meanwhile, the Fear & Greed Index sits at 70 (Greed), indicating bullish sentiment among investors.
Key Developments Driving the Market
Beyond the Fed’s rate decision, major headlines are shaping the market outlook:
- Fed Chair Jerome Powell has urged Congress to create a clear regulatory framework for cryptocurrencies, hinting at potential industry oversight.
- Czech Central Bank is considering allocating 5% of its $146 billion reserves into Bitcoin, a historic move if approved.
- Texas is making strides toward establishing a state-backed Bitcoin reserve in 2025, further cementing BTC’s institutional adoption.
Small Cap Movers
While large-cap cryptos lead the charge, smaller assets are also making waves. Notably, @thebuttholecoin ($BUTTHOLE) surged 64.2%, showing continued retail enthusiasm in meme coins and speculative assets.
What’s Next?
With Bitcoin crossing the $105K milestone, all eyes are on upcoming regulatory developments and ETF approvals. If momentum continues, further gains could be on the horizon as institutional interest in crypto expands.
