Against the backdrop of the latest events unfolding in the global economy, cryptocurrencies again began to demonstrate growth.
On the eve of the US Federal Reserve (Fed) decided to leave a key interest rate in the range of 4.25-4.5%. The chairman of the Federal Reserve Jerome Powell warned that a new increase in tariffs could lead to an increase in inflation and unemployment.
Powell said that the Fed will not rush in the issue of monetary policy, although if necessary, it can act quickly. At the same time, he emphasized that the importance of maintaining long -term inflationary expectations at a stable level is due to prevent inflation from turning into a constant problem.
The decision of the Fed and the statement of its chairman Jerome Powell caused close attention in the cryptocurrency sector, as well as in other markets.
US Minister of Finance Scott Immentin announced the beginning of trade negotiations with the Chinese delegation next Saturday. US President Donald Trump said that on May 8, he will announce a trading transaction with a “big and respected country.” Information that the “tariff war” between the United States and China will enter the negotiation process has a positive impact on the markets.
As a result of the mentioned events, the quotes of Bitcoin again rushed upward. Cryptocurrency starts a week from the mark of $ 94,000 and moves to $ 100,000. Growth was more than 5%.
For the same period, Ethereum (ETH) has risen from 1790 to more than 1900 dollars, and some altcoins grew by almost ten percent.