Cryptographic markets are experiencing a modest decision at the meeting of the increase in the Federal Open Market (FOMC) Committee of today, during which the American central bank left interest rates at 4.25% to 4.50%
Bitcoin (BTC) has increased by 4.5% in the last 24 hours and has now been negotiated $ 85,500, its highest point since March 9.
The Coindesk 20 – An index of the first 20 cryptocurrencies by market capitalization, with the exception of stablescoins, the same and exchange parts – is up 6%. Ether (ETH) and Solana (soil) have both increased by 7%, while the Ripple XRP token increased by 10% on the back of the announcement of the CEO Brad Garlinghouse that the Securities and Exchange Commission (SEC) plans to abandon its file against the company.
Crypto’s actions also behave relatively well, in particular Bitcoin operating companies such as Bitdeer (BTDR) and Core Scientific (CORZ), which are up 10% and 8% on the day, respectively. Bitdeer is probably from the technological progress she recently made in her Asic manufacturing process, as well as the announcement that the stablecoin Tether giant increased his participation in the company to 21%.
Core Scientific, on the other hand, potentially harvested the advantages of the company of AI Coreweave (the main customer of Core Scientific) depositing for a first public offer earlier in the month. Despite this, the two companies are down more than 61% and 53% since January and November respectively.
The president of the federal reserve, Jerome Powell, said that the inflation linked to the prices was likely to be transient and that the risks of recession has remained low. And despite the positively reacting market in Reunion – Nasdaq, S&P 500 and Dow Jones all won 1% or more – market commentators were not necessarily convinced.
“The word-” transitional “-is back to the federal reserve while President Powell characterizes the effects of prices of prices as an-off,” said economist Mohamed A. El-Erian on X. “I would have thought that, in particular after the great political error of this decade and that the effects of the Fed would do earlier than the effects of inflation.
Gold continued to increase after exceeding the $ 3,000 mark on Tuesday and has reached a new record greater than $ 3,050. Callie Cox, chief market strategist at Ritholtz Wealth Management, said that the US central bank reported that any additional rate drops would probably occur at the price of battery stocks. “The Fed is no longer comfortable to slide neutral as we get closer to their inflation objective. I think you can say that the soft landing is over,” she posted.
