Bitcoin

Bitcoin Reacts to US Federal Reserve’s Decision to Maintain Interest Rates

The American federal reserve remained faithful to its recent monetary policy by maintaining key interest rates at the same levels of 4.25% to 4.5%.

The Bitcoin price slipped around a grandmother immediately after putting the announcement online, but the impact should be minimal in the following days.

Today's FOMC meeting has not made big surprises as an American central bank said It continues to strive by 2% of inflation rates in the longer term, which is a bit close to real figures for the previous month.

To achieve its objectives, which also include the achievement of a maximum job, the Fed “decided to maintain the target range for the rate of federal funds from 4-1 / 4 to 4-1 / 2%”.

Although the financial markets have evaluated such a development, some hoped that the president of the Fed, Jerome Powell, would succumb to the warnings of the American president Trump and would reduce the rates. Recall that the potus threatened to dismiss Powell if he refused to reduce rates.

However, the BTC price slipped immediately after putting the Fed's announcement online, from more than $ 96,800 to $ 96,000. He recovered almost half of the losses in press times, but is still negotiating about a large lower from his summit earlier in the day of more than $ 97,600.

BTCUSD. Source: tradingView
BTCUSD. Source: tradingView
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