FED sends good news to bitcoin

FED sends good news to bitcoin


The US central bank has decided to lower its key interest rates by 25 points in a range of 4.50% to 4.75%.

 

db5c3738749d22ecebd3f12ccde946483cddc115b78931015d5c8e05e4d6fc2d.png

This news is not only positive for U.S. borrowing capacity, but also for the price of Bitcoin. Indeed, easier access to credit for individuals and investors tend to boost risky assets like cryptocurrencies. On the contrary, when rates are high, investors turn to the bond market where they can get attractive and less risky returns. When rates go down, it’s the other way around.

A favorable alignment of parameters that could lead the market into bullish momentum. The election of a crypto-friendly US president, listing many crypto indices on stock exchanges around the world, the appetite of Asian markets for cryptocurrencies could boost the sector. Rates that could fall further in the future. Generally when the FED changes its course in terms of raising or lowering rates, it is not a single announcement but rather a new direction given to the economy. The FED’s announcements will therefore be followed in the coming months.

How do you rate this article?

9


Galaxie Crypto
Galaxie Crypto

Crypto lover


Galaxie Crypto (ENG)
Galaxie Crypto (ENG)

This blog is the English version of my initial bolg. The visibility of my blog in French is very limited. My goal in this blog will be to popularize or condense information about cryptocurrencies. If I make mistakes in English, please help me improve! Let me know in the comments.

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.