Oil prices are also on the rise, with Brent crude surpassing $120 per barrel yesterday, negatively impacting the price of Bitcoin. The market is still assessing the Federal Reserve's decision announced yesterday and its implications for liquidity in the upcoming period.

As mentioned by CoinGape, the Federal Reserve kept interest rates unchanged, citing the uncertainty caused by the US-Iran war. The Federal Reserve clarified that inflation is high, and data such as the Personal Consumption Expenditures Price Index is likely to reinforce its stance to keep interest rates steady for the third consecutive meeting.

Cryptocurrency traders are betting again on no interest rate cuts this year, following the Federal Open Market Committee meeting yesterday and the release of inflation data related to the Personal Consumption Expenditures. Data from Polly Market indicates that the probability of the Federal Reserve not cutting interest rates this year is now 58%, up from just 39% two days ago.📈💯🥰🥰❤️❤️❤️❤️❤️💫💫