Several markets have been seen witnessing major changes in emotions. Bitcoin (BTC), and gold, the world’s largest cryptocurrencies, had pocketed significant profits. The sudden rise in prices of these assets was associated with macroeconomic events and changes in investor sentiment.
Check out the BTC market
Kingcoin is struggling with price. Bitcoin was able to rise to $109,114.88 in January 2025, but its assets were unable to hold above $100,000. Recently, BTC has skyrocketed above $90,000 after falling below this price level. The past 24 hours have been extremely bullish as Kingcoin rose 2.28%. At the time of writing, BTC was trading at $96,552.21. The assets rose to $97,625.81 today.
The Bitcoin rise comes at the same time as the Federal Open Market Committee closes its two-day meeting. It is expected to maintain interest rates between 4.25% and 4.50%. Following recent indications of sustained inflation and declining consumer demand, the market monitors changes in tone as Chairman Jerome Powell gives a speech shortly after.
Ahead of the Fed’s announcement, Bitcoin investors could line up in anticipation of signs that could affect the value of the asset.
What’s going on with money?
Gold prices have been seen recovering amid recent excitement over the news of US-China trade negotiations this week in Switzerland. The assets were hovering for around $3,360. Additionally, experts pointing to a revival of Chinese investors into asset markets, central banks seeking to reduce US gold assets, and US gold futures also rose 1.3%. Finally, the market believes that gold could be considered a safe shelter asset amid increasing geopolitical uncertainty.
