From Cointelegraph

May 7, 2025 10:49 pm:

Bitcoin surged past $98,000 after the US Federal Reserve decided to keep interest rates unchanged due to higher unemployment and inflation risks. Despite concerns over trade policies, the Fed believes the economy remains strong. Bitcoin dropped to $95,866 before rebounding, showing positive momentum with ETF inflows of $4.41 billion since March. Analysts warn of potential market downturn if Fed delays rate cuts.

Read more at Cointelegraph: Bitcoin returns to $98K as Fed holds rates steady despite Trump’s demand