Bitcoin increased by 4.5 % on January 29, as it rose to about 105,000 dollars after the Federal Reserve decided to maintain fixed interest rates. Cut the merchants again to the most dangerous assets after five consecutive days of losses.
The Rust Bitcoin puts only $ 4,000 from its highest level ever, which it achieved last week on the first day in the “President of Checks” Donald Trump in his position. The sudden rise in prices came when the markets tried to get rid of the chaos caused by the AI Chinese company, Deepseek, which sent shares and encryption.
Bitcoin has moved more with stock markets in recent weeks. The tightening of the tightened link after the inflation fears prompted both Wall Street and the encryption to a risk mood earlier this month.
Stefan Olit, CEO of Frnt Financial Inc. said. , Bitcoin’s bounce was not just an advertisement of the Federal Reserve. “Instead of direct response to the Federal Reserve Declaration today, we consider this step more related to recovering from the irrational sale earlier in the week and putting the Federal Reserve Declaration behind us,” he said. For traders, the Federal Reserve stopped the markets they need.
Powell’s encryption statements rotate
At the press conference that occurred after the Federal Open Market Committee meeting today, Powell made a supporter comment, or at least the closest to him.
“The banks are fully able to serve the encryption customers as long as they can understand and serve the risk,” Powell He saidIt is a major change in the position on the Piden Strong Era.
Under Biden, encryption companies have struggled to maintain relations with banks, and are often dropped for secret reasons. Now, Powell tells the banks that he does not need to close the encryption, as long as its operations are “safe and sound.”
The comment is also a great departure from the Debanking drama in recent years, as major institutions have cut off the financial services of the encryption companies. Powell addressed the case face to face: saying:
“Certainly we do not want to take measures that will make banks end customers who are completely legal just for the excessive risk.”
Senate hearing to investigate Debanking
On February 5, the US Senate Banking Committee will hold a hearing to investigate Debanking practices targeting the encryption industry. The Republicans of the Committee confirmed three witnesses: Nathan McCalli, CEO of Anchorage Digital; Ivan Hafer, founder of a black gun coffee; Stephen Ganon, partner in DWT Law.
Their certificates are expected to withdraw the curtain specifically how and why the banks cut ties with the encryption companies.
HAFer, known for the province’s business management, also faced account closing. The committee’s investigation seeks to determine whether the banks selectively cut customers for political or organizational reasons.
The banks went to the full damage control mode. Bank of America told Fox Business, “We never close accounts for political reasons. We have to follow strict government rules and regulations, which sometimes lead to decisions to get out of certain relationships.” JPMorgan has taken a similar line, saying: “We follow the law. Political bias has no place in our policies.
However, these cleansing do not sit well with those familiar with encryption. Many have long accused Wall Street of their favorite game, cutting access to encryption work to protect their hegemony. Jimmy Damon, CEO of JPMorgan, has formed the case during his company’s podcast, Non -doubt. He admitted that banks are often forced to close accounts, but they cannot legally unveil the causes of their customers, saying:
“We must be allowed to inform customers why. There must be much clearer rules about what we have to do and what we should not do.”
Last week, Donald Trump criticized CEO of Bank of America Brian Moinhan in a speech at the World Economic Forum. President Bank of America and JPMorgan accused the closure of conservative companies.
“They do not take conservative works,” Trump said. “I do not know if the organizers were forced to do so because of Biden or what, but you, Jimmy and all – I hope you open your banks for the conservatives because what you do is wrong.”
Cryptopolitan Academy: Free Web3 cheating paper – Download now
