Powell tomba the price of Bitcoin … again
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Bitcoin (BTC) approaches $ 116,000.
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The conditions for a rate cut, says Powell, are not yet given.
It was not a novelty that the American Federal Reserve (Fed) would not cut interest rates. Market hopes were that these rates were maintained as they were, which finally happened.
But yes, investors were expectant that Jerome Powell, president of the FED to give an optimistic speech or some ray of hope of upcoming interests of interest rates in the remainder of 2025.
But not. Powell gave the same speech of each month, which can be summarized in: You have to wait and see. Interest rates will be cut when the conditions for that cut are given (conditions that are never entirely clear).
With the hopes of the investors desicists, The price of Bitcoin (BTC) that usually benefits from interest rate cuts. This has already happened on previous occasions.
As can be seen in the following graphic, provided by TrainingView, Bitcoin is “collapsing” at the time of this publication and quotes about $ 116,000:
But, not everything is lost for Bitcoin. The digital currency created by Satoshi Nakamoto is not “fed-dependent” and probably manages to recover quickly as it usually does.
In addition, cryptootics has reported that this Friday (or perhaps before) news in international tariffs will be known. If these are favorable for world trade, I also benefit from volatile assets such as Bitcoin, cryptocurrencies and actions.
