Bitcoin (BTC) increased more than $ 104,000 after Wednesday’s FOMC meeting and the Fed decided to keep the stable rates, with Powell throwing some words measured on crypto to the mixture.
The gain of 2.8% for the SVG BTC .CWP-Coin-Chart Svg {Width stroke: 0.65! Important; }
Price
24 h volume
?
->
Price 7d
It was held until Thursday morning. Meanwhile, Ether and XRP barely moved, watching from the barrier while the merchants chewed the last signal of the Fed.
But according to others, the Bears say that Bitcoin is now more flaccid than the garbage of an 80 -year -old man. Who tells the truth?
For the first time in the 16 years of Bitcoin’s history, the growth of the time on Epoch (EOE) has fallen below +100%. Phame, boys. pic.twitter.com/jzqzkdewpa
– WICKED (@W_S_BITCOIN) January 28, 2025
Powell addresses cryptographic regulation in FOMC
The Fed maintained interest rates waiting after FOMC, and Powell does not indicate any hurry to cut until inflation cools even more. He asked about Crypto, but did not open new land and left the door open.
“Banks can perfectly serve cryptographic customers as long as they understand and can administer the risks,” Powell said. “A larger regulatory device around the cryptography of the congress would be very constructive.”
Howard Lutnick Talled Commerce: “Every time #Bitcoin dives, I will be buying. ”
pic.twitter.com/63epshaxks – Simply bitcoin (@SimplyBitcintv) November 24, 2024
Powell’s comments arrive at a fundamental moment, since speculation rises on how a second Trump administration could remodel Cryptographic regulation. The former president has inclined towards the sector, feeding the expectations that more friendly policies are arriving.
Bitcoin reached a record of $ 109,241 before Trump’s inauguration, but since then he has dropped slightly.
Still, BTC It has increased more than 50% since its November electoral victory, which caused a debate about its trajectory. Some, like Bitcoin Arthur Hayes’s tycoon, see a mature market for a setbackwhile others point out the growth of the United States in cryptography as a fuel for sustained growth.
Bitcoin Windfall de Tesla saves TSLA actions after the spook data data market
Several seismic movements in the cryptographic world are causing new optimism:
- CME Group Inc. is opening the door for retail merchants in Robinhood Markets Inc., offering Bitcoin and Ether futures.
- Investment companies are testing the limits of the SEC, and some even request ETF from Memecoin.
- In Capitol Hill, Howard Lutnick, Trump’s election for the Secretary of Commerce and a vocal defender of Bitcoin, is about to be confirmed.
In a recent article, Nathan Dean de Bloomberg sees the present presentations as a clear signal of innovation that pushes the limits, and adds: “Companies are investigating the limits of the SEC, with unique presentations that include ETF of Memecoin.”
The fourth trimester profits of Tesla also increased Bitcoin, with the company registering a gain of $ 600 million in its 11,509 BTC. Thanks to a new accounting rule, Tesla now values its Bitcoin holdings to the market price, which raises the total to $ 1.19 billion.
This change results from the decision of the Board of Financial Accounting Standards in December 2023, which allows companies to adjust the cryptographic values quarterly.
Final thought: What follows for Bitcoin?
Bitcoin is located at a crossroads, trapped between a rusting diet, institutional adoption and the next regulatory changes.
Who knows what happens next? We will see soon if this rally can be extended.
EXPLORE: 15 new and next coinbase listings to see in 2025
Unique the discord of 99Bitcoins News here for the latest market updates
Bitcoin’s publication ensures a support point above $ 100K: FOMC sees that Toro’s new race first appeared in 99Bitcoins.