Bitcoin (BTC) rose more than $ 2,000 on December 15 as the market reacted quickly to news that the Federal Reserve would raise interest rates and reduce its bond -buying program starting in 2022.
BTC / USD 1 hour candlestick (bitstamp). Source: TradingView
“That’s the kind of thing we thought.”
Data from Cointelegraph Markets Pro and TradingView shows that BTC / USD reached $ 49,310 per bitstamp, the highest since December 12, when the price reached $ 50,000.
The move comes after the Fed noted that it will triple interest rates next year, more than investors expected. This will speed up the purchase of its assets, the central bank said.
The existence of “easy” liquid drying has focused on tactics that have a negative impact on the traditional and crypto markets. During the event, however, the news expressed a lack of confidence in the policy.
“From the same perspective, now they have to focus only on revenue, margins and growth,” CNBC quoted Jim Carron, senior portfolio manager and head of strategy. on the global fixed income team at Morgan Stanley Investment Management.
“Sighs for the stock market that thought it could be more violent. That’s what we thought.”
In addition, the S&P 500 added a small gain, while altcoins joined Bitcoin by just 5%. At the time of writing, BTC / USD has raised around $ 49,000.
Popular observers are wary. Michael van de Pope, a contributor to Cointelegraph, kept the BTC as low as December 4, while William Clement chose not to recommend entering the market at current prices.
“My gut is telling me to buy BTC, but I’m sticking to the plan to become a buyer by raising $ 53K. The plan has to be followed,” he told Twitter followers.
The release of the latest edition in December will be marked at 53,000, which will bring Bitcoin back to a market value of 1 trillion.
Etherium is over 4,000
Major Cap Altcoins were led by Solana (SOL), which took advantage of previous gains to provide 14% daily growth at the time of writing.
Ethereum (ETH), the largest Altcoin by market capitalization, gained 4,000 shares during a rally hosted by the Fed.
Against Bitcoin, ETH returned to the 0.08 BTC mark after touching a local low of 0.078 the day before.