The post The price of Bitcoin on the rise appeared on BitcoinEthereumNews.com.

In recent days, the prezzo di bitcoin has seen a rapid surge, surpassing the 64,000 dollar mark.  This significant rise has been fueled by expectations of a possible monetary easing by the United States Federal Reserve (Fed). With traders betting on a second consecutive interest rate cut of 50 basis points, the odds of this move have increased up to 61%, creating a favorable atmosphere for digital assets like bitcoin. The price of Bitcoin and the monetary policy of the Fed The price of bitcoin is known to be influenced by global economic factors, including the decisions of the Federal Reserve. In recent months, the restrictive monetary policies implemented by the Fed to counter inflation have caused a certain level of uncertainty in the financial markets.  However, the increase in expectations of a monetary easing, with a possible second consecutive rate cut of 50 basis points, has fueled new optimism among investors. Monetary easing is often seen as a positive factor for risky assets, including digital assets like bitcoin. With interest rates falling, the cost of money becomes lower, encouraging investors to seek yield opportunities in alternative assets, such as cryptocurrencies.  This explains why the prezzo del bitcoin has benefited from these expectations, with a growth of over 10% in a few days, bringing the value of the cryptocurrency above 64,000 dollars. The influence of interest rates on the price Historically, the prezzo del bitcoin has shown a strong correlation with Fed policies and, more generally, with interest rate movements. When rates rise, the cost of money increases and investors tend to shift capital towards less risky assets.  This leads to a decrease in demand for more speculative assets like bitcoin, leading to a possible decrease in its value. On the contrary, when rates are reduced, money becomes more accessible…

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Filed under: News - @ September 25, 2024 3:28 pm