The Federal Reserve, the central bank of the United States, is known to maintain its benchmark interest rate at 5.25%-5.5%. This is done to maintain inflation stability and labor absorption in Uncle Sam's country.

Bitcoin also responded to this policy and its price has reached US$42 thousand. Not only that, Ethereum has also experienced an increase and is currently at US$2,274 per chip or up 0.6% in the last 24 hours.

On the other hand, crypto market players have been waiting for this policy. The reason is, historically Bitcoin has been sensitive to the Fed's policies, the lower the interest rate, the higher this coin will fly. The lower the interest rate, the higher the turnover, the higher the funds going into crypto.

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