From QBT B.B. Author RP2020 @ 21:06 Strong Buy30 Jan 2025 22:36
From QBT B.B. Author RP2020 @ 21:06 Strong Buy
From leading financial news paper...buckle your belt as Bitcoin moves upward soon which clear all crypto related SP like ARB back in 2022 from 3p to £3 in few months..GLA
The bitcoin price and wider crypto market have climbed after the Federal Reserve followed through with its well-telegraphed pause of interest rate cuts yesterday, with the bitcoin price topping $105,000.
Fed chair Jerome Powell's dovish comments that indicated he expects inflation to continue to ease helped push bitcoin and crypto prices higher.
"Even with the U.S. Federal Reserve pursuing a ‘wait and see’ strategy on further interest rate cuts, bitcoin bulls have little reason to worry," Neil Roarty, cryptocurrency analyst at ClickOut Media, said in emailed comments.
"The current 4.25% to 4.5% range is already proving low enough to sustain risk appetite, even if inflation is still higher than the Fed’s target. Bitcoin looks safe above the $100,000 watermark, and it could break higher over the coming months if Donald Trump pressures Jerome Powell into accelerating cuts, as he’s hinted he may. While bitcoin remains an attractive risk-on asset at current rates, a drop below 3% could flood markets with liquidity, further fueling speculation and pushing bitcoin into uncharted territory."
Powell also opened the door for banks to start serving crypto companies, provided they take proper precautions. "Banks are perfectly able to serve crypto customers as long as they can understand and service the risks," Powell said at a press conference following the Fed's rate decision.
RKB