This week ends with the clearing of expectations that have been held for months regarding interest rates. The Federal Reserve (Fed) finally announced a cut and the bitcoin (BTC) market responded with a price increase that reached USD 63,000. In this way, the hope that the price of the digital currency will rise The cryptocurrency is still alive, although there are still some clouds on the horizon. Fears of a recession are still present, despite the optimism shown by Fed Chairman Jerome Powell. JPMorgan CEO Jamie Dimon and economist Peter Schiff have made public their doubts about the future of the economy. In this context, analysts from companies such as BlackRock assure that monetary uncertainty is good for the price of BTC. This fact, accompanied by not very optimistic reports on the performance of fiat currencies along with millionaire entries into bitcoin ETFs, suggest a rise in the digital currency. In regional matters, they highlight New announcements from President Nayib Bukele of El Salvador about the budget and bitcoin. This, while in Venezuela a group of economists explains how BTC could be incorporated into the reserves and in Peru cryptocurrency purchases in physical stores are growing. If you missed some of the most relevant news of the week, don't worry, we've compiled them for you here with our multimedia information menu.
Below we condense all the news events of the last week with our compilation video.