Bitcoin strengthens as US interest rates remain unchanged, surpassing $98,000

Bitcoin (BTC) is holding steady after the U.S. Federal Reserve (FRB) re-frozen its benchmark interest rate, which is interpreted as a sign of increased market confidence after a period of correction.
As of 10 a.m. on the 8th, the price of Bitcoin in South Korea based on BitTorrent was 138.56 million won (approximately 14.25 million yen), up 0.46% from the same time the previous day.
At the same time, the overseas Bitcoin price based on CoinMarketCap rose 0.72% from the same time the previous day.
The Federal Open Market Committee (FOMC) added a statement in its statement on the same day stating that the risks of inflation and unemployment have become greater.
Regarding interest rate cuts, Fed Chairman Jerome Powell also said, "We will wait for some time until there is more clarity." He also said he could not give a definitive answer as to whether there will be an interest rate cut this year.
"The cryptocurrency market continued to rise slightly, despite this. Such comments were interpreted as meaning that there would be no interest rate cuts, at least in the first half of the year.
Dark Post, a contributor to CryptoQuant, said, "The amount of stablecoin inflows into Binance has surged in the past three days," and added, "Stablecoin inflows into exchanges are trending sideways."
"This is a bullish signal that suggests market confidence is growing after a period of bullishness or correction."