21.02.2025 17:10
With the release of the minutes from the Federal Reserve's (Fed) January meeting, Bitcoin (BTC) rose by 1% to $98,300. The central bank's cautious stance on inflation and interest rate policy has impacted the cryptocurrency market. The total market capitalization has increased to over $3.3 trillion.
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The cryptocurrency market is closely following the Fed's January meeting minutes. The Federal Open Market Committee expressed concerns about inflationary pressures and decided to keep the federal funds rate in the range of 4.25-4.50 percent. These developments have significantly impacted the prices of crypto assets, especially Bitcoin.
Bitcoin Rises to $98,000 Amid Fed's Inflation Concerns
Developments in the derivatives market are strengthening bullish expectations for Bitcoin. QCP Capital analysts note that the increase in demand for high delta Bitcoin call options indicates that a new wave of price increases is expected.
Market participants are closely monitoring Bitcoin's support level of $92,500 and the Fed's policy direction. Nexo Dispatch Analyst Iliya Kalchev states that these developments could affect liquidity and investor sentiment.
Dom Harz, co-founder of Build on Bitcoin, stated that Solana has experienced a loss of reputation due to recent discussions in the memecoin market. Negative developments associated with memecoin projects like LIBRA, TRUMP, and HAWK have affected Solana's market dynamics.
Ethereum (ETH) is attracting developers' interest with the upcoming Pectra upgrade. Maintaining Ethereum's position as a reliable platform is becoming increasingly important as the memecoin era comes to an end.
Important Warning: These news articles do not constitute investment advice. Cryptocurrency markets carry high risks, and there is a possibility of loss in the value of your investments. We recommend conducting your own research when making investment decisions and consulting a financial advisor if necessary.
"The investment information, comments, and recommendations contained herein do not constitute investment advisory services. Investment advisory services are provided within the framework of an investment advisory agreement to be signed between customers and brokerage firms, portfolio management companies, or banks that do not accept deposits. The comments and recommendations here are based on the personal opinions of the individuals providing them. These opinions may not be suitable for your financial situation and risk and return preferences. Therefore, making investment decisions solely based on the information provided here may not yield results that align with your expectations."
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