Federal Reserve Bank of America released the minutes of the meeting held on January 25-26.
In the first minutes of the minutes’ release, sharp decreases were seen in the Dollar index and the US 10-years, while Bitcoin rose above the $44,000 level again.
US 10 Yearbooks
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Cryptocurrencies Talked
According to the meeting minutes, evaluations were made about cryptocurrencies at the January FED meeting.
The following evaluations regarding cryptocurrencies were included in the FED minutes.
(Concerning risks to financial stability) Staff noted that the market value of crypto assets has increased significantly over the past decade and has experienced significant fluctuations, including major drops since late last year.
Some participants noted the increased risks to financial stability in conjunction with the rapid growth in cryptoassets and decentralized financial platforms.
Several participants noted the risks associated with highly leveraged, non-bank financial institutions or the potential vulnerability of capital market funds to a sudden liquidity withdrawal.”
The minutes continue to be examined as they have just been published. For more details and last minute developments, follow our twitter account from the link below.
Fed Minutes: Most participants preferred that the committee continue to reduce net asset purchases according to the schedule announced in December.#Bitcoin
— Bitcoin System (@bitcoinsystem) February 16, 2022
*Not Investment Advice.