BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

Fed’s Rate Pause Sparks Bitcoin Pump and Market Optimism

by BlockNews.com Team
December 14, 2023
in BREAKING NEWS, CRYPTO, FEATURED
Reading Time: 2 mins read
A A
#image_title

#image_title

2
SHARES
26
VIEWS
Share on XShare in TelegramShare on Reddit
  • Federal Reserve kept interest rates steady for the fourth time this year, as predicted by analysts, and saw signs of easing inflation pressures
  • In response to Fed’s unchanged rates, bitcoin price rose 3% to over $42,400 while overall crypto market cap increased to $1.65 trillion
  • Major U.S. stock indexes also moved higher following the Fed’s decision to pause rate hikes, seen as reassuring by investors

The Federal Reserve held interest rates steady on Wednesday, leading to gains in bitcoin’s price and optimism in the stock market. This pause in rate hikes was widely expected by analysts and marks the fourth time this year rates have been held at current levels.

Fed Holds Rates Steady

As predicted, the Federal Open Market Committee kept the federal funds rate in the current range of 5.25-5.50%. The Fed noted in a statement that while price pressures have eased recently, inflation remains high. The central bank said tighter financial conditions will likely slow economic growth and hiring.

Bitcoin Price Rises

In response to the Fed’s announcement, bitcoin’s price rose almost 3% to over $42,400 in afternoon trading. The largest cryptocurrency by market value had pulled back recently from a December high above $43,300. The overall crypto market cap increased to $1.65 trillion.

🚨 ICYMI: #Bitcoin rose 3% after the 🇺🇸 FED's decision to halt interest rate hikes.

Many believe this is a "green light" signal for investors in 2024 👀

— BlockNews.com (@blocknewsdotcom) December 14, 2023

Stocks Also Advance

Major U.S. stock indexes moved higher following the decision to keep rates steady. The tech-heavy Nasdaq gained 0.6%, while the S&P 500 rose 0.6% and the Dow Jones Industrial Average climbed 0.5%. Investors saw the pause in rate hikes as reassuring.

Conclusion

The Federal Reserve’s widely expected decision to keep interest rates unchanged provided a boost to bitcoin’s price and optimism in the stock market on Wednesday. Crypto and equities both advanced as the Fed signaled it is seeing signs of slowing economic growth.

Tags: BitcoinCentral BankcryptoFederal Reserve
Tweet1ShareShare
Previous Post

Gary Gensler Signals New Stance on Spot Bitcoin ETF Applications

Next Post

Ledger Breach Triggers $83 Million Crypto Market Liquidation

DON'T MISS THESE! HOT OFF THE PRESS

Here’s Why Dogecoin’s Jumping Again Today
CRYPTO

Here’s Why Dogecoin’s Jumping Again Today

July 18, 2025
PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?
CRYPTO

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth
CRYPTO

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance
CRYPTO

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing
CRYPTO

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself
CRYPTO

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Load More

Related News

Here’s Why Dogecoin’s Jumping Again Today

Here’s Why Dogecoin’s Jumping Again Today

July 18, 2025
PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin US Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.