Cryptographic markets are experiencing a modest upward movement after the meeting of the Federal Open Market Committee (FOMC), in which the United States Central Bank left the stable interest rates at 4.25%-4.50%
Bitcoin (BTC) has increased 4.5% in the last 24 hours and is now quoted for $ 85,500, its highest point since March 9.
Coindesk 20, an index of the 20 main cryptocurrencies for market capitalization, except stables, memecoras and exchange currencies, increased 6%. Ethher (ETH) and Solana (Sun) have increased by 7%, while Ripple’s token XRP has increased 10% of the back of the announcement of the Brad Garlinghouse CEO that the stock exchange and values commission (SEC) plans to eliminate its case against the company.
Cryptography actions are also doing relatively well, especially Bitcoin mining companies such as Bitdeer (BTDR) and Core Scientific (Corz), which rise by 10% and 8% in the day, respectively. Bitdeer is likely to be promoted by the technological progress that he recently carried out in his ASIC manufacturing process, as well as the news that Stablcoin Giant Tether was increasing his participation in the company to 21%.
Meanwhile, Core Scientific is potentially reaping the benefits of the firm of the Coreweave (Core Scientific’s main client) requesting an initial public offer at the beginning of the month. Even so, both companies have decreased more than 61% and 53% since January and November, respectively.
The president of the Federal Reserve, Jerome Powell, said that it is likely that inflation related to the rate was transient and that the recession risks remained low. And although the market reacted positively to the meeting, Nasdaq, S&P 500 and Dow Jones won 1% or more, the market commentators were not necessarily convinced.
“The Word-K-Transitory ‘-is back in the Federal Reserve since President Powell characterizes the effects of tariff prices as unique,” economist Mohamed A. El-Erian published in X. “I would have thought that, particularly after the great political error of the previous decade, and given all the current uncertainties, some feeding officials would show greater humility. Confidence of trust that the influence of the influence of influence will be transitory, will be transitory.
Gold continued to increase after exceeding the $ 3,000 brand on Tuesday and today reached a new record above $ 3,050. Callie Cox, the main strategist of the Rittholtz Wealth Management market, said the United States Central Bank was pointing out that any additional rate cut would probably occur at the expense of abuse actions. “The Fed no longer feels comfortable sliding for neutral as we approach its inflation target. I think it can be argued that the soft landing is over,” he published.
