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Crypto

Crypto Market Rises Despite Fed Hawkish Tone

Guavy AI Editorial Team
Instruments
PUMP BTC ONDO
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The cryptocurrency market has been showing signs of recovery as selling pressure subsides. Bitcoin is currently trading above $64,000 and has notched three straight days of gains, with bulls eyeing a potential breakout above the immediate $65,000 resistance.

Altcoins are following suit, with Ondo (ONDO) consolidating its breakout above $0.40 and Pump.fun (PUMP) approaching the key $0.0020 level.

The Federal Reserve held interest rates steady at 3.50%-3.75% on Wednesday, aligning with market expectations. However, three Federal Open Market Committee members dissented, calling for a 25 basis-point hike.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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