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Reading: Bitcoin (BTC) rose to $ 104,782, why crypto coins rise?
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EdaFace Newsfeed > Latest News > Crypto News > Bitcoin (BTC) rose to $ 104,782, why crypto coins rise?
Crypto News

Bitcoin (BTC) rose to $ 104,782, why crypto coins rise?

vitalclick
Last updated: January 29, 2025 9:11 pm
22 minutes ago
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Powell’s statements were not the kind that would shake the markets for the second time. Deepseek After the fall, there was no feared scenario for investors. The decline in technology shares could have accelerated if today’s explanations were in a harsh tone. So what does the current situation point for crypto currencies?

Powell and Crypto CoinsEconomic Comments

Powell and Crypto Coins

Fed The most crucial point in the statements of the president was that the decrease to 2 %in inflation should not be expected to continue interest rate cuts. In the event of an annual inflation signals, or with the weakening of employment, interest cuts made explanations that would increase expectations. If we can see good surprises similar to the latest core inflation, the expectations of the markets may increase.

On the other hand Trump‘s steps to reduce inflation began to pull the energy prices down. This development is expected to show itself in monthly inflation. Besides Powell former strategic bitcoin $102,381.3 reserve Contrary to his description, he made more moderate sentences for crypto currencies.



Banks crypto currency Powell said that they could offer services but they had to adjust their risks.

“Crypto currency It would be useful to have a wider regulatory mechanism within the framework. ”

Economic Comments

Fed President Jerome Powell He said that interest rates were significantly less restrictive compared to last year’s discounts and they would not be hasty to re -adjust the policy stance. However, he underlined his optimism with the continuation of the slowdown in inflation in the coming months.

Richard Clarida, who served as Powell’s assistant from 2018 to 2022, said, “The aim of the December meeting was to get very little or nothing to do anything in 2025, and they succeeded.” Now we see that this over -restrictive stance is loosened, and the worst is for crypto currencies because it is already priced.

If inflation If we see a improvement in data, the first move for interest rate cuts may come in May.

When the article was prepared crypto- The total value of the money increases to $ 3.53 trillion, while the transaction volume remains over $ 100 billion. ETH is still at the level of $ 3,100 and weak. BTC Many experts have written today that closing over 104 thousand dollars can open the door to the new summit.



Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.

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