Crypto

The Fed gives hope to cryptocurrencies

All eyes in the crypto world were on the US Federal Reserve on Wednesday night. The desire of the US central bank to withdraw liquidity and increase its interest rates, to fight inflation, weighed on Bitcoin since November. The latter has lost nearly half its value since peaking near $69,000 in November 2021, before rising again in recent days. The most famous of the “cryptos” saw its price rise 2.5% to almost $38,900 on Wednesday shortly after 8:00 p.m., following the announcement that the Federal Reserve would not stop its asset purchases until early March and then their rates would rise. This temporary spike in bitcoin can be interpreted as a relief to the crypto community, which feared stronger anti-inflation measures and a sharper drop in liquidity that would have penalized digital assets.

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