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Fed maintains monetary policy that helped bitcoin grow as BTC’s decentralization improves
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CryptoCompare data shows the price of Bitcoin (BTC) moved from around $34,000 to a low under the $30,000 mark before the cryptocurrency’s price recovered. It’s now trading at $34,000. BTC has been ranging between $30,000 and $40,000 for about a month now.
Ether (ETH), the second-largest cryptocurrency by market capitalization, started the week above $1,400 but dropped to little over $1,200 before recovering. It’s now trading at $1,350 as traders are seemingly moving toward alternative cryptocurrencies.
This week the Federal Reserve, the central bank of the United States, revealed it was holding benchmark interest rates near zero following the conclusion of a two-day meeting, and said it would continue to buy at last $120 billion of bonds each month “until substantial further progress has been made toward the Committee’s maximum employment and