Bitcoin Above $105,000 as Litecoin Acknowledgment Spurs 14% Move
Bitcoin traded around the $105,000 level following the U.S. Federal Reserve's decision to maintain interest rates steady after its first meeting of the year. This decision positively impacted sentiment in both the stock and cryptocurrency markets. In the last 24 hours, BTC rose nearly 3%, recovering from significant losses earlier in the week. Other cryptocurrencies, including Cardano (ADA), Dogecoin (DOGE), XRP, and Ethereum (ETH), also saw gains of about 3%, while Solana's SOL outperformed with a 4% rise. Litecoin (LTC) experienced a notable surge of 14% after the U.S. Securities and Exchange Commission (SEC) acknowledged a filing for a spot Litecoin ETF, marking a milestone as the first altcoin to receive such acknowledgment. The SEC has initiated a public comment period, with a decision deadline set for approximately 240 days. Market analysts regard this development positively, highlighting Litecoin's positioning in contrast to other altcoins that have faced withdrawal requests from the SEC.
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