Bitcoin spikes after Fed policy decision

Granted, Bitcoin was already off its lows of the day when the US Federal Reserve delivered the detail of their unchanged monetary policy this evening. Nevertheless, the reaction in Bitcoin is very consistent with what has been observed here previously. That is to say; that increasingly it is behaving like a proper asset class. That it tough for this author to accept, but it is nevertheless an observation that has been made here long before it would have been commented on anywhere else- for whatever that is worth.  Well, in this instance it is actually an observation of merit, because the rise in US stocks and fall in dollar would be consistent with a rebound in Bitcoin and that is exactly what has unfolded this evening; thus delivering a trading opportunity more akin to a mature and rational market. Bitcoin has now lifted rapidly back to test the 57k handle once again, where such a move seemed unlikely for most of the day.