This Wednesday, the Fed held a meeting, the main topic of which was inflation. The markets reacted with growth.
In his speech, Federal Reserve Chairman Jerome Powell acknowledged the severity of inflation, mentioned cryptocurrencies (in a negative light) and acknowledged the potential of stablecoins.
He said that with proper regulation within a year, the government will be able to return to 2 percent growth in consumer prices. The key rate has remained unchanged for now, but the agency plans to increase it three times next year.
BTC responded by rising to $49,000, while the growth took place on low volumes and with little trading activity. Volatility has reached a critical point; its fall below will “freeze” the growing medium-term trend, leaving the signal for a short-term decline in force.
A meeting of the European Central Bank is scheduled for today, where forecasts for economic markets and inflation are to be adopted. The anti-inflationary strategy of financiers can support the growth of the crypto market and attract new capital.
Subscribe to ForkNews in Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
French tobacco shops will sell bitcoin
French tobacco and lottery ticket stores that struck a deal with Keplerk will begin selling Bitcoin to customers in early 2019.
DIY block scanner (Blockchain explorer): a little theory
In the last article we looked at the reasons why we might need our own blockexplorer. I note that this list is far from complete, but we will assume that we have decided - we need our own source of data about transactions and their connections with addresses.
