Bitcoin jumps to 105,000 dollars, while Federal Reserve Fears fade

Bitcoin (BTC) exceeded $ 105,000 on Wednesday, as the investor morale turned after the Federal Reserve’s decision to stop interest rate cuts.

The largest encryption in the world, which initially decreased to 101,800 dollars yet advertisementRemove quickly, on the occasion of its highest level in three days.

During the Federal Open Market Committee meeting, the Federal Reserve left the standard interest rate unchanged, making it within the target range from 4.25 % to 4.50 %.

Since President Donald Trump’s victory in November, Bitcoin He has Acquired More than 50 %, partially feed it through the expectations of more policies for encryption under its management.

As the federal reserve continues to monitor economic data, merchants remain cautious but optimistic about the Bitcoin path.

“The immediate growth, as we have seen in previous bulls, may not follow much optimism surrounding Trump’s position on encryption in the wake of recent upward trends,” said Gressy Chen, CEO of Bitget. Decipher.

The interest rate has stopped after three consecutive price cuts since September, which I cut off Federal funds rate of 100 basis points.

Federal Reserve Chairman Jerome Powell said during a press conference after the compensation that continued the economic power and continuous inflation that affected the decision to maintain fixed rates.

Powell notes while inflation dramatically fell from its peak 2022 by 9.1 %, but it remains by 2.9 % annually, making larger price adjustments unconfirmed.

The notes of the Federal Reserve Chairman initially paid Bitcoin and shares up, with BTC crossing $ 103,000 before height more.

Traditional markets showed a mixed response, with NASDAC decreased by 1.1 % and S&P 500 decreased by 0.9 %. Gold remained in demand, as it maintains more than $ 2750 in the first Asian trading on Thursday.

Powell stated, when asked about digital assets, that American banks are free to serve encryption customers as long as they manage the risks associated with them.

The President of the Federal Reserve also alluded to the need for clearer regulations than Congress, which many participants in the industry considered as a positive development.

The broader encryption market responded positively to the federal reserve decision, with ethereum (Eth) and Solana (Sol) Trading in narrow ranges. ETH increased by 2 % to $ 3,184, while Sol gained 4.1 % to $ 239, Coingecko Data He appears.

Despite recent gains, some analysts have warned that Bitcoin gathering may face resistance.

The world’s largest encryption for a period of 109241 dollars before President Trump opening In January, but has regained since then.

“While some believe that the encryption market will get great attention from the new administration, it is important that you expect price expectations,” Chen said.

Edit Sebastian Senkler