Bitcoin price rises to 105,000 dollars, as the Federal Reserve says that American banks can provide encryption customers

Bitcoin (BTC-UsdThe past rose 105,000 dollars (84359 pounds) yet The Federal Reserve’s decision to maintain fixed interest ratesWith the Federal Reserve Chairman, Jerome Powell, indicates that banks can serve encryption customers – provided that they effectively manage the risks.

Bitcoin rose by 3 % to now trade by more than $ 105,000 on Thursday, after declining to $ 101,800 on Wednesday, which represents its highest level in three days.

“The banks are completely able to serve Encryption Powell said during the press conference of the newspaper of the Open Market Committee after Wednesday (FOMC).

The Federal Reserve Chair stressed that the banks operating under the supervision of the Federal Reserve should guarantee the activities of their customers that remain “safe and sound”.

Read more: Trying direct prices

Bitcoin is currently about 4 % of the record of $ 109,241, and has been reached before President Donald Trump opened on January 20.

ethereum (eth-wedIt rose by 2.5 % to $ 3.210 on Thursday and Solana (Sol-Usd3.7 % increased to $ 240, according to Coingecko Data.

During the FOMC meeting, the Federal Reserve left the standard interest rate unchanged, while maintaining a targeted scale from 4.25 % to 4.50 %. This decision was widely signed by interest rate dealers. According to CME Fedwatch hours toolInterest rate traders also give the possibility of 82 % of the remaining prices in the upcoming US Central Policy meeting on March 19.

The average stopping follows a series of discounts last year that reduced the rate of federal funds by a total of 100 basis points. Powell attributed the decision to keep fixed rates to the continuous economic power and continuous inflationary pressures.

Read more: The Federal Reserve maintains fixed rates, and the language falls around the progress of inflation

Powell noticed while inflation fell dramatically from its peak 2022 by 9.1 %, It is still at 2.9 % annuallyMake more uncertain modified modifications.

Markets interact with rates

American stocks closed a decrease on Wednesday, although they recovered from the worst levels of the day, as the federal reserve maintained interest rates unchanged.

Technology shares are highly weighted on S&P 500 (^Gspc), With nvidia (NvdaDecreased 4.1 % and microsoft (Msft1.1 % slipping. The decreases came two days after the sales of technology that led to the launch of the Chinese Dibsic emerging for artificial intelligence models, which they claimed were more expensive and operated on less advanced chips than the United States -based Openai.

After the Federal Reserve announced, the shares initially deepened their losses, with the Nasdaq Stock Exchange (^IOCE) At one point, it slides over 1 % in the afternoon trading.

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