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Bitcoin (Bitcoin) Climbed more than $2,000 on December 15 as the market reacted quickly to the news that the Federal Reserve will begin to raise interest rates and reduce its bond purchase program in 2022.
“What are we thinking”
Data from Cointelegraph Markets Pro and Transaction view It shows that BTC/USD touched $49,310 on Bitstamp, which is the highest level since December 12, when the price briefly broke through the $50,000 mark.
This momentum emerged after the Fed hinted that it might raise its benchmark interest rate three times next year, exceeding investor expectations. The central bank said it will also accelerate the pace of asset purchases.
Due to the exhaustion of the “easy” availability of liquidity, previous concerns have focused on the negative impact of such programs on traditional and crypto markets. However, in this case, the information seems to bring uncertainty to the policy.
“From a stock perspective, now they only need to focus on earnings, profit margins and growth,” CNBC lead Said Jim Cullen, senior portfolio manager and chief strategist of Morgan Stanley’s global fixed income team.
“For the stock market that thought it might be more aggressive, it was a sigh of relief. Anyway, this is what we think.”
As a result, the S&P 500 index rose slightly, while altcoins, like Bitcoin, rose slightly by less than 5%. At the time of writing, BTC/USD is consolidating around 49,000 USD.
Emergencies: The Federal Reserve maintains interest rates at 0-0.25% because it is committed to using all available tools to help the US economy.
meaning is.
The bull market continues #Bitcoin.
-Michaël van de Poppe (@CryptoMichNL) December 15, 2021
Popular analysts remain cautious. Although Cointelegraph writer Michaël van de Poppe Keep BTC bottomed out on December 4, William Clement chose to postpone his suggestion to enter the market at the current price.
“My instinct always tells me to buy BTC, but stick to my plan and confirm to be a buyer for $53,000. The plan must be followed,” he Tell Twitter fans.
The price of exiting the most recent range in December is $53,000, which will also restore the market value of Bitcoin to $1 trillion.
Ethereum breaks through $4,000
The main altcoins continue to be managed by Solana (Sol), at the time of writing, it used previous earnings to achieve a daily increase of 14%.
Ethereum (Ethereum) Is the altcoin with the largest market value and regained the $4,000 mark during the rebound triggered by the Federal Reserve.
Compared to Bitcoin, ETH returned to the 0.08 BTC mark after hitting a local low of 0.078 earlier in the day.
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