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Crypto Assets today: Bitcoin, Ethereum, XRP recover from losses caused by triggered Interest Rate due to tariff concerns:
Bitcoin rose, wiping out the overnight losses caused by the Federal Reserve's hawkish stance, as inflation concerns continued to mount.
Ethereum is steadily rising with the support of corporate financial strategies.
XRP bulls suggest regaining control as RSI stabilizes in the bullish zone.
Crypto Assets prices showed stability on Thursday, as traders bought the dip following the interest rate decision by the US Federal Reserve the previous day. Bitcoin BTC led the recovery, trading at around $118,544 at the time of writing.
Interest in altcoins including Ethereum ( ETH ) and XRP ( has remained stable, with prices slightly rising from key support levels. After defending the $3,744 support on Wednesday, the price of Ethereum has risen to $3,861, while XRP has increased by over 2.5%, trading at around $3.16.
Market Overview: Bitcoin's recovery may be stalled due to concerns about tariff impacts.
Bitcoin has recovered most of its losses after the Federal Reserve decided to keep the interest rate in the range of 4.25% to 4.50%. Although market participants generally expected this move, Federal Reserve Chairman Jerome Powell's hawkish comments became the focus.