Binance Wallet Launches BRC-20 Support, Jupiter Sees Record Trading Volume

The S&P 500 is rebounding, rising 0.5% after a tough session for major stock indices triggered by the Federal Reserve’s decision to maintain interest rates and hinting that a March reduction is unlikely. This recovery follows a challenging day on Wall Street, where the Dow dropped 317 points or 0.8%, marking its most significant decline since December. The S&P 500 fell 1.6% yesterday, its steepest drop since September, and the Nasdaq Composite shed 2.2%, its largest fall since October. These downturns occurred after Fed Chair Jerome Powell dampened expectations for an imminent rate cut in March, leading to a sharp sell-off in stocks. On a brighter note, Powell mentioned that the economy is growing steadily, and inflation rates are projected to fall. In other developments, Alphabet and Microsoft experienced a downturn in their stock prices despite their impressive earnings. Apple, Amazon, and Meta will announce their earnings after today’s market close. BTC has fallen 2.2% to $42.4k, while ETH is trading in line at $2.28k. LINK -1.08%  is a notable outperformer today, as the 13th largest token by market cap led the top 100 in gains, rising 6.4% to $16.57 at writing. The gains followed announcements from Chainlink BUILD member Xswap about utilizing Chainlink’s CCIP protocol in their beta for seamless cross-chain swaps.