The US Federal Reserve will again begin to buy up assets - this time, short-term securities to restore the one-day repo market, said department chairman Jerome Powell. Many analysts have reacted negatively to such plans by the Fed for the next quantitative easing (QE), as it can lead to hyperinflation and other negative consequences. But this is good news for bitcoin in the long run: it is very likely that investors will begin to use it to hedge risks.
On the short-term bitcoin chart, a bullish movement towards a 200-day moving average above $ 8600 is observed. Also, the MACD histogram is finally above zero. A short-term bullish forecast will be invalidated only if Bitcoin drops below $ 7,763, destroying the upward candlestick pattern that emerged on Monday.
Most of the crypto assets from the top 100 today continues to grow. The leader in this indicator is Jewel (+ 125.88%), however, the reasons for the growth are unclear, and the social networks of the project have not been updated since April. The second largest growth is Centrality (+ 29.83%), which goes up against the backdrop of a tweet-announcement of some important news in 5 days. Falls the most Metaverse ETP (-6.92%).