On According to analysts from CoinGecko, Bitcoin increasingly reacts to the actions of the US Federal Reserve System (FRS) and hardly changes quotes after reports on inflation in the American economy.
Experts pointed out that consumer inflation reports also do not have a significant impact on the rate of the first cryptocurrency.
For example, after the publication of data for September 2024, the consumer inflation index in the US fell from 2,5% to 2,4%, but Bitcoin hardly reacted to it.
The first one is much stronger kriptovalyuta began to fluctuate due to changes in the US Federal Reserve interest rate. The period of tightening of the regulator's policy exerted significant pressure on the asset, experts believe.
The stabilization of interest rates, as well as their subsequent reduction, contributed to the growth of Bitcoin, analysts believe. According to them, the recent rate cut by 50 basis points in September coincided with the growth of the asset’s price, as investors are becoming more willing to invest their capital in risky assets, including cryptocurrency.
Thus, it is possible to state a certain dependence between the value of Bitcoin and the change in the interest rate from the US Federal Reserve, concluded CoinGecko experts.
