The crypto market rallied after the Federal Reserve decided to keep interest rates unchanged between 4.25% and 4.50% after the Federal Open Market Committee (FOMC) meeting. The Federal Reserve also stated it sees two rate cuts coming in 2025. With the markets recovering, the crypto market cap increased dramatically, rising over 3% to $2.8 trillion. 

Bitcoin (BTC), which had faced significant selling pressure on Tuesday, made a sharp recovery, rising from a low of $81,197 to $87,427 before moving to its current level of $85,720. The flagship cryptocurrency is up over 3% during the ongoing session. 

Ethereum (ETH) followed a similar trajectory as it rallied to reclaim the crucial $2,000 level. ETH is up over 4% and trading at $2,017. Ripple (XRP) also saw a substantial rally, …