Why is Bitcoin and other encryption prices today?

Bitcoin and most Altcoins gathered on Thursday, where the market participants chanted the first commercial deal announced after the editorial day of Donald Trump.

Editor’s note: This article has been updated to correct the Spencer Yang address, and the bitcoin homing. We regret the mistakes and apologize.

Bitcoin (BTCIt rose to 99,415 dollars, as the bulls tried to pay it above the main psychological level of $ 100,000, which may pave the way to re -test it at an altitude of 109,300 dollars ever.

Some of the most prominent performance were the penguins (Penguin), The virtual protocol (hypothetical), Brett (Brett(Pepe (baby). This gathering prompted the maximum market for all metal currencies to more than $ 3.10 trillion.

The continuous encryption market has started yet The Federal Reserve announced the interest rate on it resolution. As expected widely, the Federal Reserve kept fixed rates by 4.25 % to 4.50 % and maintained the waiting and vision approach.

Most analysts expect that the first benefit will be reduced later this year, with Ji dropping September. Likewise, Polymarket traders do not expect discounts at FBI meetings in June or July.

While the Federal Reserve’s dialect was honest, bitcoin and encryption prices increased because the result was in line with the market expectations.

Bitcoin and Altcoins also rose after the United States announced a new trade agreement with the United Kingdom. According to the deal, the United States will reduce the customs tariff for steel and cars in the United Kingdom, while the United Kingdom will decrease $ 800 million in US technology companies $ 800 million.

This announcement comes at a time when the United States and Chinese officials are preparing to meet in Switzerland to hold renewable trade talks, which analysts hope to help cancel tensions. It can provide a reduction in the US tariff for the United States – another batch of encryption and stock markets, while supporting the reduction of potential federal reserve prices.

Bitcoin and encryption prices rose after Binance Deribit

The assembly also increased after Coinbase, the largest exchange of cryptocurrencies in the United States, Deribit acquiredA pioneering player in the options market and the futures market in a $ 2.9 billion deal. This purchase will help to become a major player in an industry dealing with billions of dollars a day. In e -mail note to Crypto.News, Spencer Yang, the primary shareholder in Bitcoin Frsie, said:

“Global Derivatives Trading is a major growth engine for Coinbase. Deribit is the global traders’ selection platform for Bitcoin and Ethereum options. It has a strong operating date, and it is the only independent main company that has Coinbase. They have not released a code and have 4B.

The assembly was more supported by continuous institutional purchase. Spot Bitcoin ETFS added $ 142 million of assets on Wednesday, up to weekly flows to $ 482 million. A year to date, more than $ 5.7 billion in net flows accumulated.