Bitcoin yesterday interrupted a three-day fall with a sharp rise in quotations by 4.2%, which coincided with the general wave of growth in the financial markets. Investors rushed to buy stocks and cryptocurrencies after Jerome Powell's speech at a conference in Jackson Hole. The head of the US Federal Reserve made it clear that the soft monetary policy will not change, at least until October or even November, and the discount rate will not rise in the foreseeable future. Now this parameter is at the level of 0.0-0.25%, providing a stable inflow of" cheap " money into risky assets, which include cryptocurrencies and stocks. Investors invest, counting on the growth of their exchange rate under the pressure of inflation. This parameter sets 20-year records, stimulating an increase in the value of financial assets that significantly exceeds credit interest. The US Federal Reserve could interrupt this trend with one decision to cancel the QE program, depriving the markets of a monthly infusion of $ 120 billion of liquidity. Investors were firmly convinced that Powell would announce this decision in Jackson Hole. The sharp jump in purchasing activity proves how unexpected the decision of the head of the Fed was for the bidders. Now they know that the financial regulator has left September for the last chance to" squeeze profit " from risky assets. #Cryptocurrency
