Bitcoin extends over 99,000 US

After Bitcoin (BTC) spent more than two weeks in mid-$ 90,000, he rises to the mentally significant brand of $ 100,000. The cryptocurrency of the flagship rose after 99,000 US dollars after the Dovish Comments From the Atlanta Federal Reserve Bank (FED) President Raphael Bostic.

Bostic’s Dowish remarks give Bitcoin over 99,000 US dollars.

Recently, the Hawkian comments from Federal Reserve, chair of the Hawkian statement, stamped the mood of the investors and effectively signaled that the interest reductions for the rest of the year may not occur due to continuing inflation and a resistant labor market.

Bostic’s latest remarks in contrast to Powell’s attitude. The President of Atlanta President found that although general employment remains stable, signs of slowing begin to arise.

He pointed out that it has become increasingly difficult for unemployed to find work compared to a few months, since the likelihood of securing employment now less than from pandemic. In addition, he emphasized that the average unemployment period has been extended by about three weeks since August 2024.

BOTIC also emphasized the decline in the “Quits Rates” – the percentage of employees who voluntarily leave their work every month – which was the last time in 2015, except for the pandemic years. In view of these indicators, he expressed support for the relaxation of monetary policy and explained that “the risk of our double mandate was postponed to price stability and maximum employment”.

He also pointed out rising geopolitical tensions, especially in view of the proposed trade tariffs by US President Donald Trump. Bostic argued that reducing the restriction of monetary policy would help prevent excessive deterioration on the labor market.

Finally, he predicted that the FED would implement two interest rate cuts in 2025. According to his Dovlian remarks, the 10-year-old US Ministry of Finance and the US dollar index (DXY) it would be rejectedwhile risk assets such as BTC won.

BTC come at the age of 2025?

Despite the shaky start into the year due to global macroeconomic uncertainties, BTC has developed relatively well. The top cryptocurrency kept His own despite the turbulence of the stock exchange due to the careful keeping of the Fed compared to tariff cuts.

Since Bitcoin with an overall market capitalization of almost 2 trillion US dollars continues to deal with the decisive mark of $ 100,000, future price returns are likely to be lower compared to the cycles of earlier market cycles.

Bitcoin’s adoption continues to grow, with more and more US states are investigating paths to involve them in their financial reserves. Recently, KansasPresent KentuckyAnd Utah have taken significant steps to recognize BTC as a digital mainstream assets.

This trend matches a recently from Fidelity digital assets reportWhich indicates that the next wave of the crypto adoption is probably driven by nation states and government bonds. At the time of the press, BTC will be divided into $ 99,112 in the last 24 hours.

Selected picture of Unsplash.com, diagrams of tradingview.com