Bitcoin $98,402.6 At the time of writing, it exceeded 100 thousand dollars again and is returning to its previous level after the huge decline. After reaching the ATH level, the price dropped by more than 10 thousand dollars for minutes, causing liquidation of more than 1 billion dollars in 24 hours. Cryptocurrency investors enter the weekend BTC price He’s hopeful it’s back to six-figure levels.
Cryptocurrencies Prediction
Cryptocurrencies are usually quiet on the weekend, so it was important for Friday’s close to be in the six figures. BTC At the time of writing, it exceeded 100 thousand dollars again. This means that altcoin investors can make significant gains over the next 48 hours as the ETH price hovers above $4,000.
In his statement a few minutes ago, Fed member Hammack said that they are not interested in Bitcoin as an institution, but they are monitoring the development of cryptocurrencies. Currently, BTC exceeded $ 100,700. The Fed member said the following about the interest rate policy;
“The US economy is strong and the labor market is quite healthy. Determining monetary policy is independent of the national debt. US debt appears to be on an unsustainable growth path. It’s too early to tell what impact the proposed tariffs will have. The labor market has become more balanced. The Fed still has a lot of work to do to reduce inflation. Data will guide the Fed’s monetary policy. Slowing down interest rate cuts gives the Fed time to stimulate the economy. Monetary policy will likely be somewhat restrictive.
It’s time for the Fed to slow down the pace of interest rate cuts. The economic outlook calls for modestly restrictive monetary policy. I’m keeping an open mind about the December FOMC meeting, more data coming in. “The market’s expectation of a discount between now and the end of January is reasonable.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
