In the US -based finishing IMMERSION Technologies Inc. (NASDAQ: BMNR), there was a significant increase on Friday. This rise of the company shares, the FED President Jerome Powell’ın statements created by the optimism created in the market, the company began to create a crypto currency reserve as expected to create the shares of the company.
The Effect of Fed Explanations on Markets
The FED President Jerome Powell’s signals on reducing interest rates created a positive atmosphere, especially on digital assets and secondary markets. Following Powell’s speech, value increases in the crypto currency sector were recorded. This development led investors to show interest in risky assets.
According to Powell’s statements, we will relax in recent monetary policy and expectation is increasing. This has led to positive movements in crypto asset prices, as well as shares of various companies. In the market, expectations for possible changes in monetary policy are often reflected in pricing.
Rise in the finishing shares
In the crypto currency market, a strong rise occurred after Powell’s statements. Especially Ethereum (ETH) $4,830.66 and Bitcoin (BTC) 
$116,878.31 Value increases were observed in pioneering crypto currencies such as. Ethereum’s value increased by more than 14 %, while Bitcoin rose by 3.76 %.
This mobility on crypto beings reflected the increase in the risk appetite of investors. Analysts point out that the change in monetary policy can lead to sudden rise in volatil markets such as crypto beings, especially in crypto beings.
The rising share performance of the finishing Immersion Technologies is supported by the influence of the rally in Ethereum. The company shares received a positive air in the crypto asset market. It is also natural for a company with a billion dollar ETH reserve to benefit from the price of Ether, which has a 15 %rise. BMNR shares increased by 12 %in the last day and reached $ 53.49. The company’s market value is over $ 9 billion.
The finishing company holds 1.5 million ETH and is currently the largest public company in terms of reserve. Speaking at the time of preparing the Fed member Musalem confirms the latest Powell statements, “expecting the impact of tariffs on inflation on inflation, in September, the interest rate reduction may be required if the narrowing of employment,” he supported crypto currencies. Crypto currencies at the weekend can reach new peaks.
Bitmine, the biggest ETH RESEV company, has increased by 12 percent per day with the support of the Ether price of Ether. Daily double -digit rises for a share are abnormal, but for crypto -linked companies, this is not surprising at all.
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.
