The primary cryptocurrency, which was underperforming earlier today, took another turn to the upside with its price soaring from under $109,000 to nearly $114,000 in a matter of hours.

The impressive green candle comes shortly after the Federal Reserve’s meeting, during which the central bank revealed it was looking into “payment accounts” that would grant crypto and fintech companies access to Fed payment rails.

The primary cryptocurrency, which was underperforming earlier today, took another turn to the upside with its price soaring from under $109,000 to nearly $114,000 in a matter of hours.

The impressive green candle comes shortly after the Federal Reserve’s meeting, during which the central bank revealed it was looking into “payment accounts” that would grant crypto and fintech companies access to Fed payment rails.