Bitcoin returns to 98 thousand dollars, as the Federal Reserve holds fixed prices despite Trump’s request

Bitcoin recovered $ 98,000 for the first time after about three months after the US Federal Reserve said it would keep interest rates as it is for another month.

The Federal Reserve’s decision to maintain interest rates comes unchanged despite the pressure of US President Donald Trump, who just weeks ago He threatened to shoot at Federal Reserve Chairman Jerome Powell for being “It is too late” in reducing rates.

The Federal Reserve cited the highest unemployment and inflation risk

P. He said On May 7, the Federal Reserve Prices’ Prices Committee retained rates in a range of 4.25 % to 4.50 % due to the increased risk of unemployment and high inflation.

He added that inflation had “decreased significantly, but it exceeded our 2 % longer goal.” Powell said that investigative studies in families and companies showed a “sharp decrease in feelings” mainly due to concerns about Trump’s commercial policy.

However, Powell said that although increased uncertainty, the economy is still in a strong position. Fedwatch tool Shown The futures market is expected The minimum rate of reducing average.

Powell said the unemployment rate is still low, and the labor market “is in or near the maximum employment.” Market Expected The Federal Reserve to drop the Federal Reserve Bank rate to 3.6 % by the end of 2025.

Bitcoin (BTCLess than $ 97,000 decreased to 95,866 dollars after Powell’s speech, but it rose to clicking on $ 98,000 for the first time since February 21, just hours after hours.

Bitcoin momentum was built, with the return of the Crypto Fear & Greed Index to the “Green” lands, and the Bitcoin exchange boxes (ETFS) that spread flows Almost 4.41 billion dollars since March 26.

Related to: Bitcoin price has increased 1550 % the last time that the “BTC RISK-UP” scale has decreased

On March 9, economist of the network Timothy Peterson warned against this if it is The federal reserve is separated by price cuts in 2025, and it may cause a wider market slowdown, which may again pull Bitcoin about $ 70,000.

Peterson’s expectations came after Powell said in March that “we do not need to be in a hurry while we are in a good position to wait for greater clarity.”

magazine: Adam Pak says the bitcoin price is “10x larger”, it has “sympathy” for ETF buyers

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