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Bitcoins value ascended on Wednesday, defying the initial downward trend as market participants paused to consider the implications of the Federal Reserves recent policy stance. FILE PHOTO: Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo REUTERS And this leading one of cryptocurrencies jumped to $65,773.23, according to the report by Coin Metrics, by 1.7%. This recovery happened later when the price had already rejected the support level of $60,793.60 around midday. In fact, the crypto market, in general, has been
stanley cup upbeat, posting gains on the back of the
stanley termos Feds two-day policy meeting. Core bank ensured the interest rates were the same as the ones predicted in the open market, though, couched the possibility of a markdown later in the year. Cryptocurrency Bitcoin, like technology stock, usually benefits in a low-interest environment and have sufficient market liquidity, which can, in this case, escalate the positive market sentiments and investments in growth-based assets. ALSO READ| US social secur
stanley quencher ity for seniors squeezed by student debt, they now risk losing benefits Bitcoin is a bit of everythingOwen Lau, Executive Director at Oppenheimer, highlighted, There has been an inverse relationship between rates and bitcoin price. When the Fed increased interest rates in 2022, it took out liquidity from the market, which impacted bitcoin and tech stocks. When the Fed cuts rat Nzed China declares decisive victory over Covid-19
The Biden administration sought to dial back Iranian assessment
stanley flasche s that the two sides are getting close to an agreement on reviving the 2015 nuclear deal, saying disagreements remain wide on what steps they need to take to come back into compliance. US President Joe Biden speaks about the status of coronavirus disease Covi
stanley spain d-19 vaccinations and his administration s ongoing COVID-19 pandemic response. REUTERS A senior State Department official, speaking to reporters on condition of anonymity, said the two sides are closer to the beginning of negotiations than to the end. Th
stanley thermoskannen e official spoke after a second round of talks in Vienna this past week in which the US and Iran didnt meet directly but negotiated through their European, Russian and Chinese partners. The officials comments appeared intended to counter speculation of an impending deal after Iranian President Hassan Rouhani said the talks are 60%-70% complete and the two sides could soon resuscitate the Joint Comprehensive Plan of Action, which limited the scope of Irans nuclear program in exchange for the easing of economic sanctions. President Donald Trump pulled out of the nuclear accord in 2018 -- calling it the worst deal ever -- and ramped up restrictions on the Islamic Republic, including on oil sales. Iran responded later by enriching uranium beyond agreed-upon limits, but insisting it remained a party to the nuclear accord. The US declined to say which sanctions the Biden administration is prepared to
