Federal Reserve’s Stance on Monetary Policy Remains Unchanged: What This Means for Crypto


Since the start of 2021, the crypto markets have been on an absolute tear. Bitcoin and Ethereum — two of the largest cryptocurrencies by market capitalization — are up 97% and 303% year-to-date, respectively. Bitcoin (BTCUSD) and Ethereum (ETHUSD) on Tradingview.com A big proponent of the fledgling crypto industry’s recent success has been a clear paradigm shift; institutional investors no longer view crypto as an unstable, dangerous asset class. From Coinbase’s direct listing making headlines on Wall St. to Temasek — Singapore’s sovereign wealth fund — purchasing Bitcoin, the growing acceptance of these digital assets is obvious. Of course, there are many factors that led to this rapid institutional adoption, but what led many corporations to embrace the very asset class they once shunned? The answer is ultra-low interest rates and rising inflation levels. Why the Federal Reserve’s Current Monetary Policy Will Benefit Crypto This Wednesday, the Federal Reserve announced…

Read the original article here