Crypto Price Today: Bitcoin rises above $42,700; Cardano jumps 17% after US Fed signals end of rate hikes

Fed Chair Jerome Powell said the Fed is aware of the risks of keeping rates higher for too long and lowering them too late, bolstering expectations of a rate cut in early 2024. Bitcoin’s dominance is currently 52.17%, according to CoinMarketCap. BTC volume in the last 24 hours fell 1% to $24.9 billion.