Brief
- The federal reserve maintained interest rates still on Wednesday.
- Despite this, Bitcoin broke out on Thursday $ 100,000.
- President Trump continued to criticize the president of the federal reserve Jerome Powell.
Bitcoin and other cryptocurrencies skyrocketed Thursday with other risky assets taken out by an US-UK trade agreement, and despite President Donald Trump’s latest attacks on the president of the Federal Reserve, Jerome Powell, to reduce interest rates.
The largest cryptocurrency per market value has suppressed $ 100,000 for the first time since February Thursday morning in New York. BTC recently exchanged more than $ 101,289 after jumping more than 5% in the last 24 hours, according to the Crypto Markets data supplier, the data provider.
On Wednesday, the Fed decided to keep the interest rates unchanged, angry with Trump, who has been pressure on Powell for weeks to reduce the cost of the loan, even threatening to dismiss him.
In the remarks of the Oval Oval Office of the White House to announce a commercial agreement with Great Britain, Trump criticized Powell. “The president of the Fed, Jerome, if he reduced interest rates … Like many other countries, it would be like jet fuel,” said Trump. “It would be great.”
Trump added: “He does not want to do it because he is not in love with me”, earlier in the day on his social platform of truth, the president called Powell as “fool”.
Bitcoin has historically successfully successfully in a low interest rate environment. With low interest rates, investors tend to buy more “risk” assets such as stocks and crypto.
The main equity indices have also been increasing, the S&P 500 and the NASDAQ each jumping more than 1% in the midst of investors’ hope for the end of Trump’s trade hostilities.
President Trump also said at a press conference on Thursday that investors are expected to buy shares now.
Other digital active ingredients included Ethereum, the second largest virtual part, which broke the $ 2,053 for the first time since early March and increased by more than 14% at the same time. The cryptocurrency prize was recently $ 2,047.
XRP and Solana increased more than 6% and 10% respectively. The gold of traditional assets in complete safety, meanwhile, was down more than 2%.
Edited by James Rubin
Daily debriefing Bulletin
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