Again crypto- Dressing watches in coins and wavy graphics again. Today’s inflation data was extremely morale. Crypto currencies do not care about supportive news for the rise, while he continues to react overly negative news. But a few minutes ago, Powell made very important statements. For crypto currencies, these discourses support.
US banks and crypto
2022 Ftx We all remember the collapse like yesterday. In those days, we were suggested to stay away from crypto currencies and even heard demands for more. When Yellen talked about the risk of crypto business for banks, crypto companies were already isolated from banks with the CP2.0 operation. Then we saw the banking crisis in March 2023, and the politicians who said that the bankrupt banks went bankrupt because of the crypto did not drop the microphone.
And today the wind changed. It comes from behind to fill the sails of the crypton. Although concerns about inflation and interest rates take down the markets, Powell commented that Banks can enter the crypto business with Trump’s task. Powell said;
“Banks crypto currency We do not want to be a set to serve completely legal customers operating in this field.
It is appropriate to make sure that we understand the risks when banks start crypto money activities on their own. Many of the activities in the crypto market can be done well even in banks. ”
But despite all this BTC price 95 thousand bands lingering. The possibility of an increase in interest rates began to talk, the possibility of keeping interest rates close to the current levels by the end of 2026, the potential of the latest inflation data and tariffs further deteriorate this in the crypto made the air suffocating.
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 perform their operations in line with their own research.
