After spending more than two weeks trading in the mid -90,000 dollar, Bitcoin (BTC) began to climb towards a brand of $ 100,000 with psychological significance. The leading cryptocurrency increased to $ 99,000 after Duofish comments From the head of the Federal Reserve in Atlanta (Fed), Rafael Bustic.
Bosctic's Dovish Propel Bitcoin exceeds $ 99,000
Recently, Federal Reserve's comments, Jerome Powell, renewed investor morale, which effectively indicates that interest rate discounts may not occur for the rest of the year due to continuous inflation and a flexible work market.
However, the latest postec notes contradict Powell's position. The Federal Reserve Chairman in Atlanta indicated that although the total employment is still stable, the signs of slowdown began to appear.
He pointed out that it has become increasingly difficult for unemployed individuals to find jobs compared to a few months, with the possibility of employment now less than prenatal levels. In addition, he highlighted that the average unemployment period has spanned three weeks since August 2024.
Postek also confirmed the decrease in the “takeoff rate” – the percentage of workers who voluntarily leave their jobs every month – which decreased to the levels that were last seen in 2015, with the exception of the epidemic years. Looking at these indicators, he expressed his support for monetary policy, saying that “the balance of risks to our double mandate for price stability and has transformed the maximum employment.”
He also pointed to the high geopolitical tensions, especially in light of the proposed commercial tariffs of US President Donald Trump. Postek has argued that limiting the restriction of monetary policy would help prevent excessive deterioration in the labor market.
Finally, the Federal Reserve would implement price discounts in 2025. After its notes, the treasury returns in the United States for 10 years and the US dollar index (DXY) DeclineWhile the risk origins such as BTC have gained.
BTC reaches the age of 2025?
Despite the defeated start for this year due to the global uncertainty of the macroeconomic economy, BTC has achieved relatively well. Alawite cryptocurrency detained Especially despite the disturbances in the stock market due to the federal reserve's cautious reserve position on price cuts.
As Bitcoin continues to trade on the 100,000 -dollar brand with a total maximum market, about $ 2 trillion, it is possible that the decline in prices in the future will be shallow compared to those that it witnessed during the previous market courses.
Bitcoin's dependence continues to grow, with the increase in the number of American countries that explore ways to integrate them into their treasury reserves. newly, Kansasfor KentuckyAnd Utah Important steps were taken to recognize BTC as a major digital origin.
This trend is in line with the last digital assets a reportThis indicates that the next wave of encryption adoption is likely to be driven by the national state and the government treasury. At the time of the press, BTC is trading at $ 99,112, an increase of 2 % over the past 24 hours.
Distinctive photo of Unsplash.com, plans from TradingView.com