#bitcoin jumps strongly and breaks an important level with support from the US Federal Reserve 🚀😍
_The price of #bitcoin rose by about 3%, breaching the $27,000 level in the last 24 hours. The rebound comes as Fed rate-linked futures indicate a 99% chance the US central bank will leave interest rates unchanged between 5.25% and 5.5% on Wednesday. Futures also show a 69% chance of holding rates in November and a 58% chance of the same in December. The central bank has raised interest rates by 525 basis points since March 2022 to tame inflation, a so-called liquidity tightening that is seen as partly responsible for last year's #crypto collapse. “No one is really expecting a rate change at this meeting,” Scotiabank said in a preview note to clients on Friday. “Instead, the focus will be on future monetary policy guidance, updated macroeconomic forecasts, and remarks from Fed Chair #JeromePowell
#follow To see more news and details about digital currencies 🚀😍