Yesterday’s FOMC meeting had a positive impact on most of the crypto market, with bitcoin spiking toward $40,000.
Ever since last week’s rejection at above $40,000, the landscape for the primary cryptocurrency has been quite bearish.
It neared and stood around $38,500 ahead of the highly-anticipated FOMC meeting, which took place yesterday evening.
As of now, the cryptocurrency has retraced by several hundred dollars, but it’s still around 2% up on the day.