Bitcoin again reached a value of $29 thousand

Because of the FED's key rate decision, Bitcoin returned to the $29,000 mark.
Bitcoin again reached a value of $29 thousand

The value of Bitcoin returned to the value of $29 thousand. During the day, the value of the first cryptocurrency increased by 2.3%. Now it is trading at $29,170, the share of BTC on the cryptocurrency market is 25.7%.

Large cryptocurrency traders watched the decision to change the key rate at the U.S. Data fr​om community CryptoDeFix. Federal Reserve. According to the results of the meeting, held on May 2-3, the agency increased the rate by 25 basis points, up to 5.25% per annum, which coincided with market expectations.

The value of Bitcoin increased by 1.8 % when the Fed's decision was announced. Other popular cryptocurrencies also added in value. Ethereum gained 2% in 24 hours, up to $1.9 thousand, the rate of Ripple (XRP) rose by 0.7% to $0.46. The value of Cardano increased by 2%, to $0.39, Polygon by 2.5% to $0.99.

The total capitalization of the cryptocurrency market increased by 1.7% to $1.25 trillion.

Mentioned projects

Bitcoin The first and most popular cryptocurrency.
The first and most popular cryptocurrency.
Ethereum Most flexible cryptocurrency, which ranks second most popular and the most revolutionary one in the world.
Most flexible cryptocurrency, which ranks second most popular and the most revolutionary one in the world.
Ripple A global and international financial system that includes its own cryptocurrency and medium of exchange.
A global and international financial system that includes its own cryptocurrency and medium of exchange.
Polygon (MATIC) A protocol for creating and scaling Ethereum-based projects.
A protocol for creating and scaling Ethereum-based projects.
Cardano (ADA) A blockchain platform for running DAaps and multi-party computing.
A blockchain platform for running DAaps and multi-party computing.
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