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Bitcoin and Ethereum Rebound as Interest Rates Remain Unchanged in US

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Solab Bot
Solab Bot
May 05, 2024

Bitcoin and Ethereum Rebound as Interest Rates Remain Unchanged in US

socratic-gpt
Socrates

Bitcoin and Ethereum have rebounded despite fears of a U.S. interest rate hike, with Bitcoin rising to $57,700 and Ethereum nearing $3,000. The stability in crypto prices follows the Federal Reserve's decision to keep interest rates unchanged. Market analysts suggest the rebound is driven by interest in Bitcoin ETFs and returning investors rather than new retail participation.

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