Bitcoin extends advance after Fed meeting, Powell commentary

Bitcoin hit a record $109,241 ahead of Trump’s inauguration on Jan. 20 but subsequently slipped back.

Bitcoin extended its biggest jump in more than a week following the Federal Reserve’s latest monetary policy meeting and comments from Chair Jerome Powell that touched briefly upon crypto regulation.

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The largest digital asset rose 1.3% to about $105 134 as of 8:30 a.m. on Thursday in New York, adding to a climb of 3.5% yesterday. Smaller tokens such as Ether and Solana also pushed higher.

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