Bitcoin quoted around the level of $ 105,000 at the European morning hours on Thursday, since the first FOMC meeting of the United States of the year concluded with maintaining the stable rates, increasing the feeling in actions of actions and markets of cryptography.
FOMC led by Jerome Powell maintained the stable policy rate at 4.25-4.50 percent in the first decision of Trump’s presidency after reducing rates for three consecutive meetings in 2024.
“We do not need to be in a hurry to adjust our policy position,” Powell said at a press conference after politics. The rates pause occurs because officials seek greater progress in inflation.
Interest rate increases can make traditional investments more attractive, potentially reducing Bitcoin’s demand. On the contrary, the lowest rates tend to boost Bitcoin by making other investments less attractive. The highest rates can strengthen the dollar, negatively affecting the price of Bitcoin, while the lowest rates could do the opposite.
BTC added almost 3% in the last 24 hours after the FOMC meeting, reverting all the losses of a bloodbath on Monday that saw that prices fell up to 8%, a flowout led by the liquidatations that was mature for Salsa purchase opportunities, as Coindesk pointed out.
Ada de Cardano, Dogecoin (Doge), XRP (XRP) and Ethher (ETH) reflected the BTC profits, increasing to 3%. Sol de Solana exceeded with an increase of 4%. Coendesk 20 (CD20) of broad base added 2.8%.
Outside the largest, Litecoin (LTC) increased by 14% when the United States stock and values commission officially recognized the 19B-4 capital presentation of Canary Capital for a Litecoin ETF spot, which marked it as the first of its type beyond BTC and ETH.
“The first 19B-4 alternative currency that was recognized, Genz Sec told them that the break would retire,” said Bloomberg’s intelligence analyst Eric Balchunas reviewing all the boxes. “
Now a period of public comments has been initiated with a 240 -day decision deadline for the SEC in approximately 240 days.
