The US Federal Reserve (FED) announced this Wednesday, October 29th, 25 basis points reduction Under Interest Rate, set the new range as follows: 4% per year. The decision, which some in the market had already anticipated, is aimed at making monetary policy more flexible.
After this announcement, the price of Bitcoin (BTC) has not shown a clear trend. Lower interest rates are typically a bullish factor for digital assets by increasing liquidity in the financial system, but the initial response has been muted. This could be because the decision was already discounted by investors, as CriptoNoticias explained this morning.
Joel Weinstein, CEO of Orionx Exchange, said in a communication with the media: “This second consecutive year of reductions rebalances risk and return internationally. The additional injection of liquidity could push up the price of crypto assets and open up new investment opportunities, especially given regulatory and technological advances in this area.”
Our current focus is on A press conference scheduled for the organization's president, Jerome Powell, in the next few minutes.. His comments will be key in helping markets interpret the future monetary policy roadmap and how it could affect assets such as Bitcoin.
