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Bitcoin reclaims $85k after Fed signals slowdown in quantitative tightening – TON BOT

Bitcoin reclaims $85k after Fed signals slowdown in quantitative tightening

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Bitcoin surpassed $85,000 after the Federal Reserve announced plans to slow quantitative tightening and potential rate cuts. Global markets surged, including crypto. Bitcoin rose to nearly $86,000 before settling at $85,363. Altcoins like Ethereum and Cardano saw minor growth, while XRP and BNB showed little change. The Fed’s economic forecasts indicate slow growth, with inflation projected to rise. Powell addressed concerns over inflation and tariffs, emphasizing a cautious approach to rate cuts. Bitcoin’s market cap is $1.7 trillion, with a 24-hour trading volume of $32.82 billion. The total crypto market is valued at $2.8 trillion, with Bitcoin dominance at 60.67%.

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