Cryptocurrencies: Bitcoin advances after Fed's decision to keep rates stable
Bitcoin advanced in the afternoon of this Wednesday, 19, after the decision of the Federal Reserve (Fed, the U.S. central bank) to maintain the interest rate, boosting the New York stock exchanges and favoring risk assets. Around 3:55 PM (Brasilia time), Bitcoin was up 4.12%, priced at $85,392.99, while Ethereum rose 7.2%, trading at $2,030.02, according to Binance. The Fed's decision was already expected by analysts, amid uncertainties generated by Donald Trump's economic policy, especially regarding import taxation. The market predicts another maintenance of the current level at the next Fed meeting in May, with a rate cut expected only in June, according to FedWatch data from CME.
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Super Week starts today with Fed and Copom; what to expect from interest rates and communication
The American central bank is expected to maintain the rate, while the Brazilian one will raise interest rates; the market's doubt is what both will indicate about the future in their communications. Super Week begins this Wednesday (19) with interest rate decisions in Brazil and the United States, and extends until Friday (21) with meetings of central banks from the United Kingdom, Switzerland, Japan, China, Taiwan, Chile, and Paraguay. In common, the members of the monetary policy committees of the nine countries will weigh the uncertainties that currently mark the global scenario, especially the elephant in the room: the back and forth of American President Donald Trump regarding tariffs and their impact on inflation.
XRP Forecast: consolidated, what is the trend of the coin?
XRP is trading at $2.33, registering a slight drop of 0.27% in the last hours. Trading volume reached 1.6 million XRP, indicating reduced activity in the market. The asset is trying to stabilize after recent fluctuations and faces significant technical challenges. XRP faces resistance and seeks consolidation In recent days, XRP faced a period of volatility, testing support at $2.22 and resistance at $2.40. Currently, the asset shows signs of consolidation, trading in a narrow range, which may indicate a pause before the next significant movement. If the price manages to break $2.35, there are chances of a new high. On the other hand, if it loses support at $2.30, it may resume the downtrend.