Statement from Fed Members on Future Interest Rate Moves: Reflected Positively on Bitcoin and Ethereum!

With a 75 basis point increase on Wednesday, markets have shed the Fed burden for now. Although Bitcoin fell to the $20,000 band and Ethereum to the $1500 band after the interest rate decision, the bulls prevailed at this stage.

Today, with the release of US non-farm employment data, an upward acceleration was seen in the markets.

While an increase of more than 1 percent prevailed in the US stock markets, greater accelerations in the crypto money markets did not go unnoticed.

While Bitcoin increased by 4.45% to $ 21,300 in 24 hours, Ethereum also increased by 6.70% to $ 1670.

At this stage, statements from Fed members were also welcomed for the course of the market.

Statements by Fed Members

Fed Member Collins stated that low interest rate hikes may be more reasonable in the future and that he is aware of the dangers of raising interest rates too quickly. Commenting on the increase in inflation as more moderate, Collins’ statements had a positive effect on the market.

Fed Member Barkin also made some statements. Barkin underlined that there is a lot of data to come before the meeting in December and said it is too early to make a decision at the moment. Stating that they will continue to respond if inflation is permanent, Barkin once again underlined that the most important data is inflation data.