Bitcoin’s price and FED
Aug, 2023

Bitcoin’s price and FED

Bitcoin, Ethereum and the majority of cryptos that are not stablecoins have stabilized their returns during the previous days.


What followed after FED’s announcement regarding inflation, showed that those things cannot be predicted easily. Jerome Powell stated that FED is expected to keep the interest rates at high basis for long time as the inflation looks to stabilize at higher levels than normal.


The waiting phase seems to affect the crypto market and show the next direction for it. And this is something that goes beyond the US market.


In China, the authorities passed a new legislation regarding taxing the papers for transactions. After passing the bill, stocks surged and cryptos in Chinese exchanges started to rise also.


We wait new moves from the authorities…….


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