Having dropped at less than $ 112,000 at a given time a few days ago, Bitcoin
made above $ 117,000 late after US trade on Thursday, to withdraw the range in which he was in most of July.
Give a boost on the cryptography market overnight was a news about President Trump’s intention to sign a decree allowing a crypto (among other active) EN 401(K) Retirement plans (this order has now been signed).
Thursday, the push above $ 117,000 occurred at the end of the American negotiation session on the appointment of Stephen Miran to replace the departure of Andrea Kluger to the Council of Governors of the Federal Reserve.
Currently president of the Council of Economic Councilors of the White House, Miran is probably an ally of the president and probably to share at least partially his painful opinions on the current level of interest rates.
Even before Miran’s selection, a series of Fed speakers in recent days – reacting to the low job numbers on Friday and the printing of the SMI services on Monday – have clearly been reduced to the next rates at the next meeting of the Central Bank in September.
According to CME Fedwatch, the possibility of September increased to 95% against 38% only a week ago.
The FED Jackson Hole Economic Hole symposium takes place in two weeks. The CONFAB has in recent years in recent years in the Fed chairs to report important political actions, so that all eyes and ears are likely to focus on the opening speech of Jerome Powell there.
In addition to the movement above in Bitcoin at $ 117,500 – up 2% among the last 24 hours – Ether (Eth) is in advance from 5% to $ 3,867 XRP
3.4% at $ 3.10.
The verification of traditional markets will find gold from $ 1% to $ 3,468 per ounce, the dollar is modestly lower than all indices and the main mixed stock indices.
