بٹ کوائن کی قیمت ستر ہزار ڈالر سے تجاوز کر گئی۔ یہ ٹرمپ کا ایک پیغام ہو سکتا ہے جس کی وجہ سے کرپٹو، ایتھرئم اور ایکس آر پی کی قیمتوں میں اضافہ ہو رہا ہے۔ — Barrons.com
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By Alex Kozul-Wright
Bitcoin rallied past $70,000 early Friday, as U.S. monetary policy concerns appeared to outweigh ongoing tensions in Iran.
The price of Bitcoin rose 2.4% to $71,461 over the past 24 hours, according to CoinDesk data. During that period, it almost hit $72,000. Ethereum and XRP both increased by 2.9%, respectively.
Cryptocurrencies may have been responding to a Truth Social post from President Donald Trump, in which he encouraged the Federal Reserve Chair — Jerome Powell — to loosen monetary policy: "He should be dropping Interest Rates, IMMEDIATELY, not waiting for the next meeting!"
A Fed rate cut, would be good for risk-on assets like Bitcoin and January personal consumption expenditures price index is out Friday. Any signs of cooling inflation would also heighten prospects of a cut.
However Middle East tensions have driven up energy prices and if the war remains protracted could have an inflationary effect keeping interest rates higher-for-longer.
Write to Alex Kozul-Wright at alexander.kozul-wright@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
source: https://www.tradingview.com/news/DJN_DN20260313002076:0/
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