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Bitcoin has extended its greatest jump in more than a week after the last monetary policy meeting of the United States Federal Reserve and the comments of President Jerome Powell which briefly affected the cryptographic regulations.
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The largest digital asset increased by 1.3% to around US $ 105,134 at 8:30 am Thursday in New York, adding 3.5% yesterday. Smaller tokens such as Ether and Solana also pushed higher.
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On Wednesday, Fed officials paused the monetary relaxation, and Powell in its customary briefing reported that the central bank will have to see more progress on inflation before considering any additional reduction in interest rates.
In response to a question on the risks of digital assets, Powell said that banks are “perfectly able to serve cryptographic customers as long as they understand and can manage risks” and added that “a larger regulatory device around From the crypto “of the congress would be” very very constructive. “
The comments were staid and measured, but come into a context of increased expectations of investors towards friendly regulations of digital assets under President Donald Trump, who has climbed the cryptography sector closely.
Ripe
“Traders in the United States reacted to the comments of Powell’s cryptography, and Bitcoin pushed above,” said Tony Sycamore, analyst of the Australia PTY IG market. “From a broader technical point of view, there are indications that the Bitcoin rally matures.”
Bitcoin reached a record of US $ 109,241 before the inauguration of Trump on January 20, but then retreated. The token has increased by more than 50% since its electoral victory in early November, which led some to ask if the rally is due to a break.
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