Bitcoin, Ethereum, XRP, Dogecoin Rise Ahead of Fed Rate Decision: Analyst Says BTC Headed for 'New Highs' If It Flips This Level
Leading cryptocurrencies rose alongside stocks on Tuesday, October 27, buoyed by investor focus on the Kevin Warsh-led Federal Reserve's interest-rate decision and weaker oil prices.
Bitcoin and other cryptocurrencies went up today because investors are waiting for the Federal Reserve to announce interest rates. When the Fed changes interest rates, it can make people feel more or less confident about investing in risky things like crypto.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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