BTC moves to 102,500 dollars since the interest rate stops in the Federal Reserve

As expected, the Federal Reserve in the United States retained the rate of federal reserve funds at 4.25 % -4.50 %, the first temporary stop since the central bank began to reduce policy last September.

the The accompanying policy statement Note that the unemployment rate has settled at a “low level” and the inflation remained “somewhat high.” The formulation was honest, as it removed the reference to the “progress” that moves to its goal to its goal by 2 %.

Under the pressure for most of this week, the Bitcoin price (BTC) decreased to 101,800 dollars after the news.

Since the first interest rate in the Federal Reserve has been reduced, the Federal Reserve’s money has been reduced by 100 basis points. However, the return of the Treasury Department in the United States for 10 years has risen in the opposite direction, increasing to 4.6 % and back 3.6 %-a difference between short-term and long-term rates rarely seen.

This difference as well as a series of stronger reports expected about the economy and inflation has not been lost on the Federal Reserve. After the bank’s meeting in December, President Jerome Powell explained that any other price cuts – at least at the present time – were suspended.

The post -seizure press conference begins soon, as market participants will search for further guidance on future policy.