"Crypto Bulls Charge as Fed Holds Rates, Bitcoin, Ethereum Surge"

The Federal Reserve's decision to maintain interest rates has sparked a wave of optimism in the crypto market, with investors anticipating a potential bullish breakout. The Fed's decision to keep rates steady aligns with market expectations and sets the stage for a liquidity-driven rally in digital assets.

The Federal Open Market Committee (FOMC) announced on 29 January that it would keep the benchmark interest rate unchanged at 4.25%-4.5%. This decision was driven by stable inflation and economic resilience. Market participants had largely anticipated this move, with many expecting rate cuts later in the year. Historically, rate stability or cuts have been favorable for risk assets, including crypto, as they lead to greater liquidity and a lower cost of borrowing.

Following the Fed's decision, Bitcoin (BTC) and Ethereum (ETH) saw some resilience, with BTC trading close to $105,000 and ETH reclaiming the $3,200-level. The charts indicated a strong support zone around Bitcoin's 50-day moving average at $99,249.50, suggesting that bullish momentum remains intact. Similarly, Ethereum bounced off a key support, with its 50-day moving average at $3,420.08 reinforcing the potential for further upside.

The U.S. Dollar Index (DXY) has been trading at around 108. A weakening dollar typically benefits crypto as investors seek alternative stores of value. The current stabilization in DXY seemed to hint that traders are digesting the Fed's decision, but any downward movement in the dollar index could further propel Bitcoin and Ethereum higher. Historically, an inverse correlation exists between DXY and crypto prices, with a decline in the dollar's strength often leading to a hike in capital flows into digital assets.

The S&P 500 remains near its all-time highs, indicating sustained investor confidence despite macroeconomic uncertainties. Equities tend to rally when monetary policy shifts toward a dovish stance, and crypto often follows a similar pattern. The S&P 500's resilience suggested that broader market sentiment remains positive, which could spill over into the crypto sector.

The total crypto market capitalization climbed to $3.57 trillion, a sign of renewed interest in digital assets. At press time, volume remained strong at $131.06 billion, suggesting