Bitcoin and Altcoins Rally as Fed Holds Rates, While SafeMoon Crashes on Founder Arrests
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Bitcoin retakes $35K after Federal Reserve leaves interest rates unchanged, while altcoins like Solana's SOL rally sharply.
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Solana jumps 16% to a 14-month high, leading gains in other layer 1 and DeFi tokens.
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SafeMoon token plummets over 50% as founders are arrested for fraud and unregistered securities charges.
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Lower likelihood of future Fed rate hikes boosts risk assets like stocks and weakens dollar.
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Declining Treasury yields may strengthen Bitcoin's value proposition as an inflation hedge.