BTC price Again in the $ 103,300 area and the latest US data was effective in this. The decision on the outcome of the Fed meeting will come tomorrow. Markets expect pioneering indicators to produce good results from the Fed meeting. So why did the latest data cause rise?
Why Bitcoin rose?
The January 2025 Consumer Confidence Index of The Conference Board was announced. Although the expectation was 105.85, the level of 104.1 was announced below 104.7. This decrease reflects the consumers’ perspective on economic conditions. Although optimism continues for the future, the confidence of investors has decreased slightly according to previous data.
This week, next to important indicators such as the next PCE data PowellWhat will say will increase the fluctuation in crypto currencies. If the FED gives signals that he will make more than 2 interest rate reductions this year and speaks of Hope about Trump’s fight against inflation.
Trump He said that he would balance inflation by lowering energy prices and therefore would reduce interest rates. Although I have comments from the Fed to reduce interest rates, this is not possible due to the independence of the institution. At least officially.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
