Bitcoin jumped to the $40,000 mark on Wednesday, strengthening along with other risky assets.
The US Federal Reserve's rate hike did not scare the bulls. After the previous meeting of the regulator in March, BTC rose by 17%.
Bitcoin soared by 5.8% on Wednesday, ending the day at about $39,800. Ethereum gained 6.4%, other leading altcoins from the top ten rose from 5.1% (Binance Coin) to 13.9% (Cardano). The total capitalization of the crypto market, according to CoinGecko, increased by 6.2% per day, to $1.90 trillion.
Bitcoin on Wednesday rose the most in almost two months against the background of a sharp weakening of the dollar and the growth of stock indices. The US Federal Reserve is expected to raise rates by 0.50%, to 1.00%.
After the previous meeting of the regulator in mid-March, BTC rose in price by 17% over the next two weeks. If history repeats, bitcoin could return to the highs of early April around $47,000.
According to CoinShares, institutional investors have been withdrawing capital from crypto funds for the fourth week. Net outflow of funds last week amounted to $120 million, while bitcoin funds faced the largest capital outflow since June 2021 ($133 million).
The Ministry of Finance of El Salvador said that the issue of bitcoin bonds for $1 billion, which the government announced in the first quarter of the year, has been postponed indefinitely due to the unfavorable situation in the markets.
For the first time in the history of Wall Street, Goldman Sachs Bank issued a loan secured by bitcoins to the Coinbase crypto exchange.
Bitcoin miners earned $1.16 billion last month, which is 4.3% less than in March.
Cryptocurrencies will become an integral part of any investor's portfolio in the next few years, according to the investment company Wisdomtree.
One of the oldest private universities in the USA, Bentley, announced that he is ready to work with cryptocurrencies as a means of payment.
Equinox, a popular luxury fitness club chain in the United States, announced that the network's gyms in New York have begun accepting cryptocurrencies to pay for an annual subscription.