One thing has nothing to do with the other. The one who holds reserves is the American National Treasury. The FED is only a central bank, which does not have Bitcoin, nor does it hold gold.
Valéria Garcia
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🚨 Bitcoin falls after Powell's statements: "We are not allowed to own Bitcoin."
He stated that the Federal Reserve Act defines the assets that the institution can own and that any changes to the law are up to Congress, not the Fed.
📉 Impact on the cryptocurrency market: • Bitcoin fell 5.9%, to US$$ 100.605, after reaching a record of US$$ 108.000 on December 18. • The global cryptocurrency market capitalization fell 7.6%, to US$$ 3.67 trillion. • Major cryptos such as Ethereum, XRP and Solana recorded losses of 4% to 11%.
📉 Movement in financial markets: • The Federal Reserve reduced the interest rate by 0.25 percentage points, to a range of 4.25%–4.5%. • Stock indexes: • S&P 500 and Nasdaq Composite fell 0.4%. • Dow Jones lost 100 points, marking 10 consecutive days of decline.
💡 The positive side of the market:
Santiment analysts highlighted that Bitcoin remained above US$ 100K, showing resilience compared to its usual fluctuations.
🇺🇸 Trump and the Bitcoin strategic reserve:
President-elect Donald Trump reinforced his vision of creating a Bitcoin strategic reserve, promising to put the US ahead in the crypto race. • Government assets: The US already has 212,847 BTC (US$ 22.3 billion) in legal seizures. • Next steps: There is speculation that an executive order could formalize Bitcoin as a reserve asset once Trump assumes office on January 20, 2025.
⚡ Stay tuned! The market could stabilize in the next 24–48 hours, experts say. In the meantime, the debate over Bitcoin’s strategic role continues to rage!
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