Bitcoin and Crypto are ready for a great shock at the Federal Reserve Price
01/30 update below. This post was originally published on January 29
Bitcoin and Crypto prices stabilized after swinging the edge of stumbling at the end of yesterday, With traders still reeling from a sudden sale that raised fears of the “financial crisis”.
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Bitcoin price fell sharply to $ 100,000 before returning to about $ 102,000, although Bitcoin and Crypto are still defeated Although Blackrock CEO Larry Fink reveals the sovereign wealth fund bomb.
now, Coinbase’s CEO also expects that Bitcoin 18 trillion dollars will turnBitcoin and Crypto merchants are restored to the last federal reserve interest rate after US President Donald Trump called for a sharp drop in their prices.
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The market priced nearly 100 % that the FOOC Open Market Committee (FOC) will keep interest rates hanging, according to the Fedwatch CME group, after lowering prices at each of its last three meetings.
“present [bitcoin price] “It can be calm to hate the risk before the Federal Reserve meeting,” Alex Copesikvich, the chief market analyst in FXPro.
01/30 update: Bitcoin and the broader encryption market increased after the Federal Reserve followed the pause of discounts in cold interest rates yesterday, with the price of bitcoin 105,000 dollars.
Federal Reserve Chairman Jerome Powell’s comments, which indicates that inflation will continue to alleviate the high prices of bitcoin and encryption.
“Even with the Federal Reserve in the United States a strategy,” said Neil
“A current range is 4.25 % to 4.5 % already that it is low enough to maintain the appetite of risk, even if inflation is higher than the FBI’s goal. Bitcoin seems safe above $ 100,000, and it may explode higher in the coming months if Donald Trump is pressing Jerome Powell on the accelerated discounts, as it has alluded to it.
Powell also opened the door for banks to start providing encryption companies, provided that they take the appropriate precautions. “The banks are fully able to serve the encryption customers as long as they can understand and serve the risk,” Powell said at a press conference in the wake of the FBI decision.
Meanwhile, US President Donald Trump criticized the Federal Reserve and Powell, accusing them of their failure to deal with inflation, economy and pressure on Powell to reduce interest rates until 2025.
“Since Jay Powell and FED failed to stop the problem they invented with inflation, I will do this by unleashing American energy production, lowering regulations, restoring balance in international trade, and reshaping American manufacturing, but I will do more than stop inflation, I will make our country financially , And others, strong again, “Trump to publish To his social account in fact.
“The Federal Reserve has a terrible work in the bank’s organization. The cabinet will lead the efforts made to reduce unnecessary regulations, and will launch lending to all American people and companies.” Energy, and fake climate change, inflation was not a problem.
The price decision will be issued on Wednesday at 2:00 pm Easter, followed by the most important press conference led by Federal Reserve Chairman Jerome Powell, as journalists will pressure him to obtain a reaction to Trump’s comments that interest rates must decrease with “a lot”.
“I think I know interest rates are much better than they are, and I think I definitely know her much better than the person responsible primarily from making this decision,” Trump said last week.
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Last year, the Republican candidate at the time Trump He said American presidents must have an opinion on the decisions taken by the Federal Reserve, raising the possibility that it will lose its independence.
“We expect [Fed chair Powell] To be a diplomatic as possible, while he is firmly committed to reserve independence Intuition.
“Now that Trump has contacted loudly to low interest rates, if the Federal Reserve has eased the monetary policy, it will create the impression that they collected it and confiscated their independence,” Isabella Weber, an economist at the University of Massachusetts Amorest, He said the Financial times.
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