Bitcoin exchanged at the level of $ 105,000 in European morning hours Thursday while the first meeting of the American FOMC of the year ended with the maintenance of stable rates, which made a feeling on the shares in actions and cryptographic markets.
The FOMC led by Jerome Powell maintained the stable policy rate of 4.25-4.50% in the first decision of Trump’s presidency after having reduced the rates for three consecutive meetings in 2024.
“We do not need to be in a hurry to adjust our political position,” said Powell at a post-political press conference. The rate break occurs because managers are looking for new progress on inflation.
Interest rate increases can make traditional investments more attractive, which potentially reducing Bitcoin demand. Conversely, the lower rates tend to stimulate bitcoin by making other investments less attractive. Higher rates could strengthen the dollar, which has a negative impact of Bitcoin, while lower rates could make the opposite.
BTC added almost 3% in the last 24 hours after the FOMC meeting, reversing all the losses of a Monday bloodbath which saw prices drop to 8% – a flow of liquidation that was ripe For dipping opportunities, as Coindesk noted.
Ada, Dogecoin (Doge), XRP (XRP) and Cardano Ether (ETH) reflected BTC gains, increasing up to 3%. Solana soil has outperformed with an increase of 4%. The Coindesk 20 (CD20) at large base added 2.8%.
Apart from the majors, Litecoin (LTC) increased by 14% while the American Securities and Exchange commission (SEC) officially recognized the 19B-4 file from Canary Capital for an ETF of Litecoin Spot, the striking as the first of genre beyond BTC and Eth.
“The first Alt 19b-4 piece to recognize, the rest was invited to withdraw by Genz dry,” said Eric Balchunas, Bloomberg Intelligence analyst, on X. “In the SEC comments on S-1 and this deposit is by far the furthest checking all the boxes.
A period of public comments has now been launched with a 240 -day decision -in date for the SEC in about 240 days.
