Bitcoin Holds $64,000 Support Despite Fed Rate Freeze

Bitcoin held its ground above the $64,000 mark, even as the U.S. Federal Reserve opted to keep its benchmark interest rate unchanged. This stability in the cryptocurrency market occurred despite the Fed's hawkish stance, which often signals a tighter monetary policy.

As of Friday morning, Bitcoin was trading at $64,848, reflecting a 1.42% increase over the preceding 24 hours, according to global cryptocurrency data site CoinMarketCap. The resilience of Bitcoin suggests investor confidence or other market-driving factors are at play, overriding the potential impact of the Fed's decision.

Ethereum, the second-largest cryptocurrency by market capitalization, also experienced a price uptick. It saw a 0.97% rise, indicating a broader positive trend across major digital assets. The simultaneous gains in both leading cryptocurrencies suggest a market-wide upward momentum, independent of the immediate reaction to the Federal Reserve's monetary policy announcement.