Bitcoin and Ether prices have bumped up today. I think technically they were oversold so the prices are correcting upwards but Yellen's take on further Rate increases had a role to play as well generally in the risk on based assets.
If you see the graph below Japan, Europe, China and Switzerland have a dovish bias, whereas AU and NZ are neutral. With one more rate hike priced in which also looks uncertain, we are in an extremely low interest rate environment which will help the risk on assets esp. the crypto currencies to appreciate.
Canada is also in a watch mode however any recovery in oil will lead to inflation which typically will concern the central bank. UK on the other hand is recovering but with Brexit looming, the political future looks uncertain, and it;s unlikely they are going to raise the rates.
With the current statement from Yellen, it seems US will also join the pause and hold strategy which is probably a great news for crypto currencies.
Image Source: FXCM