Bitcoin Rises After Fed Meeting

 

The FED meeting, where the markets were waiting for a great interest, ended. After the meeting, there was an increase in Bitcoin value. After the meeting, FED took me to increase the interest rates. Do not use the expression "financial conditions continue to be supportive" in the decision delivered with 0 against 11.

After the meeting ended, the value of Bitcoin jumped above 56 thousand dollars. At the time of writing, the asset is traded at $ 56,763, according to Coinmarketcap data. FED Chairman Jerome Powell also held a press conference after the meeting.

“The Fed will continue to support the economy as long as needed,” Powell said. Speaking about the coronavirus, Powell stated that the course of the virus is also vital for the course of the economy. “The economic recovery process is continuing with extreme ups and downs.

Unfortunately, this recovery is still far from completion. We will let inflation stay above 2% for a while. The increase that occurs together with efflation will not require an increase in interest rates. The course of vaccinations is promising to return to normal periods."