#BTCBreaks99K Un Powell timidly pushed bitcoin towards 100,000 dollars

Bitcoin recovered price levels not seen for more than 2 months.

The market was expecting something, anything. A hint, a wink, a loose phrase that would allow projecting what the U.S. Federal Reserve (Fed) will do with interest rates for the rest of the year.

But Jerome Powell, the Fed chairman, spoke and said nothing. Or, more precisely, he said a lot without saying anything. His speech was timid, lacking conviction, predictable, and more fitting for an artificial intelligence chatbot than for the president of the most influential central bank in the world.

There was no rate cut, as was anticipated. Nor were there signs that one is approaching. But also none that it is not approaching. "Wait and see" remains the Fed's monetary policy. Powell again hinted that decisions will be made meeting by meeting, and that everything depends on the evolution of inflation and employment. Clichés, neutral, worn-out phrases. At this point, listening to Powell is like listening to the same audiobook on repeat.

And yet, bitcoin rises. While Powell was speaking—or mumbling his ambiguity with technical manners—the price of bitcoin (BTC) began to climb. And this Thursday it is trading again above 99,000 dollars, at its highest level since early March. At times, the digital currency flirts with 100,000 dollars, a mark it has not touched for more than two months.