Forecasts heralding the start of a protracted bear market may have been premature as prices appear to be in recovery mode on January 26 following the US Federal Reserve’s signal that interest rates will stay the same. close to 0% at the moment.
After the Fed announcement, prices across the cryptocurrency market started rising with () rising 4.11% and making a strong push to $39,000. This sparked a wave of momentum that helped lift most of the tokens in the market, but at time of writing, the price of BTC has pulled back to the $37,000 zone.
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Data from Cointelegraph Markets Pro and TradingView shows that the leading smart contract platform, (ETH), also responded positively to increased bullish sentiment, as its price rose 8.11% on the 24-hour chart to hit a USD daily high. 2,723.
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