Bitcoin regained $85,000 after the Fed, and stocks rose, but one analyst suggests pay attention

The crypto market is experiencing a modest move upward after the US Central Bank remained stable at 4.25%-4.50% following today’s Federal Open Market Committee (FOMC) meeting.

Bitcoin (BTC) has risen 4.5% in the last 24 hours, and is currently trading at $85,500, the highest point since March 9th.

Coindesk 20 – With the exception of stablecoins, Memecoins and Exchange Coins, the index of the top 20 cryptocurrencies by market capitalization has increased by 6%. Both Ether (ETH) and Solana (Sol) have skyrocketed 7%, but Ripple’s XRP tokens are now 10% off the back of CEO Brad Garlinghouse’s announcement that the Securities and Exchange Commission (SEC) plans to lower the lawsuit against the company.

Crypto stocks are also doing relatively well. In particular, Bitcoin mining companies such as Bitdeer (BTDR) and Core Scientific (CORZ) have increased by 10% and 8% per day, respectively. Bitdeer may have been born from recent technological advances in the ASIC manufacturing process and news that Stablecoin Giant Tether has increased its company stake to 21%.

Meanwhile, Core Scientific enjoys the possibility of filing profits from AI company CoreWeave (a key customer of Core Scientific) for an initial public offering earlier this month. Still, both companies have fallen by more than 61% and 53% since January and November respectively.

Federal Reserve Chairman Jerome Powell said tariff-related inflation is likely to be temporary and the risk of a recession remains low. And despite the market’s aggressive response to the conference, Nasdaq, S&P 500 and Dow Jones all won over 1%, but market commentators weren’t necessarily convinced.

“The word “temporary” is returning to the Federal Reserve as Chairman Powell characterizes the price effects of tariffs as a one-off,” economist Mohamed A. El Elian posted on X.

Gold continued to rise after surpassing the $3,000 mark on Tuesday, reaching a new record today of over $3,050. Callie Cox, chief market strategist at Ritholtz Wealth Management, said the US Central Bank indicates that the surcharge cuts are likely to abuse stocks. “The Fed is no longer comfortable sliding towards neutrality as it approaches its inflation target. I think we can claim that the soft landing is over,” she posted.