Analytics
The federal system for the fourth time in a row raised the refinancing rate by 75 basis points following the meeting on November 2, bringing it to 3.75-4% per annum. This did not come as a surprise to market participants, and therefore bitcoin reacted to this event with restraint. As of November 2 at 21:30 Moscow time, the flagship of the crypto market is holding above the $20,600 mark.
As you know, the US regulator intends to bring inflation to the target level of 2%. It is for this purpose that he has been tightening monetary policy for a long time. In the foreseeable future, investors’ attention will be riveted to the next meeting of the Fed, which will be held on December 14 this year.
Many experts suggest that the Federal Reserve may reduce the intensity of the growth of the refinancing rate. At the same time, officials from the Fed noted that they would adjust their further actions taking into account the state of the US economy and further inflationary dynamics in the country.
According to cryptanalysts, the crypto industry has already adapted to new realities, and therefore Bitcoin calmly reacted to another rate increase. If the Federal System really slows down the pace of monetary tightening, then this will certainly be a positive signal for the digital asset segment.
Earlier, the Crypto.ru editors informed: in his recent speech at the Web Summit event, Changpeng Zhao noted that the Binance Pay ecosystem can be easily integrated into the Twitter social network. According to the entrepreneur, the system supports many cryptocurrencies, and also allows you to make transactions in fiat assets. At the same time, Zhao emphasized that, in which case, he is ready to become a member of the board of directors of Twitter, but does not experience obvious enthusiasm for this.
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