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Bitcoin jumps 9% to $66,500 after Powell-led FOMC keeps rates unchanged

Bitcoin rallied 9% to $66,500 today after the U.S. Federal Reserve indicated it would stick with plans for cutting interest rates. Concurrently, Ethereum, the second-largest cryptocurrency, also saw a jump of 13%, rising to $3,468. Other popular altcoins such as Solana (13.8%), BNB (8.3%), XRP (5.3%), Cardano (9.3%), Avalanche (7%), Dogecoin (20.3%), Shiba Inu (11.2%), and Toncoin (11.2%) also surged. In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, increased to $1.3 trillion. Bitcoin's dominance is currently 52.07%, according to CoinMarketCap. BTC volume in the last 24 hours fell 16.7% to $60.8 billion.


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