• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

What did the Fed say to the US Congress that triggered Bitcoin to recover so promptly?

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

On July 9, the Fed’s financial policy report to the US Congress gave the total cryptocurrency market place a extremely unusual beneficial signal from the regulator.

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024
What did the Fed say to the US Congress that caused Bitcoin to recover so quickly?
What did the Fed say to the US Congress that triggered Bitcoin to recover so promptly?

The US Federal Reserve (Fed) has indicated a considerable improve in the rate of the cryptocurrency market place to make certain the total stability of the economic technique. This is the initial time the Fed has manufactured this kind of a stage.

The Fed informed Congress that the rise in costs of quite a few cryptocurrencies displays investors’ expanding threat appetite. Although Fed officials have mentioned this ahead of, the institution itself seldom makes use of the asset as a benchmark towards which to evaluate broader market place circumstances.

Right right after the Fed’s beneficial signal, Bitcoin jumped from $ 33,000 to $ 34,200 right now.

BTC / USDT price chart.  Source: TradingView
BTC / USDT rate chart. Source: TradingView

The tiny improvements indicate that the Fed is taking a deeper seem at cryptocurrencies. The company has met with critical field figures in current months as it prepares to handle challenges surrounding far more systematic developments, this kind of as how to carry out a digital USD undertaking (CBDC).

See far more: Fed Vice President: We ought to say “yes” to stablecoins

Finally, on the lengthy-phrase vision for the subsequent handful of many years, the Fed concludes far more ambiguously on the application of the new curiosity prices:

Cryptocurrency costs could fall drastically if investor appetite falls, curiosity prices unexpectedly rise, or the recovery stalled.

Synthetic currency 68

Maybe you are interested:

Join the chat group Coinlive Chats Now let us go over the sizzling subjects of the DeFi market place with the Coinlive administrators !!!

.

[ad_2]

Tags: BitcoinBitcoin News BitcoinCausedCongressFedquicklyRecover
Share76Tweet47

Related Posts

BitoPro Hack: $11.5 Million Lost in Taiwan

by shark
June 2, 2025
0

BitoPro, Taiwan-based crypto exchange, suffered an $11.5M hack in May 2025, with user fund impacts reported.

US Congress Moves to Introduce New Crypto Legislation

by shark
June 2, 2025
0

US Congress advances CLARITY Act for digital asset regulation, affecting crypto markets and investor confidence.

Singapore’s MAS to Curb Overseas Crypto Activities by 2025

by shark
June 2, 2025
0

Singapore's MAS mandates local crypto firms to halt overseas operations without a DTSP license by June 2025, influencing international markets.

Metaplanet Acquires 1,088 Bitcoin, Total Reaches 8,888 BTC

by shark
June 2, 2025
0

Metaplanet Inc. has expanded its Bitcoin holdings significantly, strengthening its market position.

Metaplanet Acquires Additional 1,088 Bitcoins

by shark
June 2, 2025
0

Metaplanet Inc.'s purchase of 1,088 bitcoins highlights growing corporate interest in digital assets. The firm aims to hold 10,000 BTC...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • BitoPro Hack: $11.5 Million Lost in Taiwan
  • US Congress Moves to Introduce New Crypto Legislation
  • Singapore’s MAS to Curb Overseas Crypto Activities by 2025
  • Metaplanet Acquires 1,088 Bitcoin, Total Reaches 8,888 BTC
  • Metaplanet Acquires Additional 1,088 Bitcoins
  • Elon Musk Announces Encrypted XChat on X Platform
  • Upcoming $5M+ Token Unlocks for ENA, TAIKO, NEON
  • ETHGlobal Prague 2025 Hackathon Finalists Announced
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7