Fed statements on “banning cryptocurrencies” soar with “Bitcoin” 10%

Bitcoin started the fourth quarter of the year in bullish, climbing nearly 10% on Friday amid growing confidence among speculators that crypto-asset it will continue to post gains despite growing regulatory pressure.

I jumped The largest digital resource in terms of market cap at $ 47,742, which has helped push other cryptocurrencies like Ether and Litecoin more in tall. Thursday’s comments were interpreted by Federal Reserve Chairman Jerome Powell as a sign that the US could take a lighter regulatory stance.

During the Treasury and Federal Reserve outbreak response monitoring session, Powell confirmed that the US has no plans to ban Bitcoin and cryptocurrencies.

“We could see the start of de-linking from traditional markets here,” said Vijay Ayar, head of Asia Pacific at cryptocurrency exchange Luno Pte. “Cryptocurrency appears to be in its bullish cycle and continue to rise.” Bloomberg reported. .

Despite falling 7.6% in September, Bitcoin posted a 25% gain in the third quarter. This compares with a 41% drop in the previous three months.

Read More About: Business News

Leave a Reply