Bitcoin grows after the statements of the FED’s head on the regulation of cryptocurrencies

After the Fed meeting and the speech of its head, the bitcoin exchange rate continued to rise. Jerome Powell in his comment touched upon the topic of cryptocurrency regulation, which attracted the attention of market participants.

The main digital asset grew by 1%, again exceeding $ 105 thousand. At the moment, its value has decreased slightly and amounted to $104,952, which demonstrates an almost 3% increase.

The Federal Reserve has kept the interest rate unchanged. Powell said that more progress in the fight against inflation is needed to discuss its possible reduction. As for cryptocurrencies, he noted that banks are ready to work with clients from the cryptocurrency sector, provided that they are able to manage the associated risks. He also stressed the importance of strengthening the regulatory framework developed by the Congress.

Earlier, bitcoin reached a record of $109,410 before Trump's inauguration, but later rolled back. Since his election victory in November, the cryptocurrency has risen in price by more than 50%.