Fed keeps interest rates at zero, BTC grew to an intraday high

On Jan.27, the price of bitcoin (BTC) grew to an intraday high of $38.820 after the U.S. Federal Reserve announced that it would hold interest rates near zero.

However, this will not last long because with the current high inflation rate, the FED will coordinate with the Federal Open Market Committee (FOMC) to raise the target interest rate range higher, expected in next March.