비트코인, 7만 달러 돌파. 트럼프의 게시물이 암호화폐, 이더리움, 그리고 XRP에 영향을 미칠 수 있습니다. — Barrons.com
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By Alex Kozul-Wright
Bitcoin rallied past $70,000 early Friday, as U.S. monetary policy concerns appeared to outweigh ongoing tensions in Iran.
The price of Bitcoin rose 2.4% to $71,461 over the past 24 hours, according to CoinDesk data. During that period, it almost hit $72,000. Ethereum and XRP both increased by 2.9%, respectively.
Cryptocurrencies may have been responding to a Truth Social post from President Donald Trump, in which he encouraged the Federal Reserve Chair — Jerome Powell — to loosen monetary policy: "He should be dropping Interest Rates, IMMEDIATELY, not waiting for the next meeting!"
A Fed rate cut, would be good for risk-on assets like Bitcoin and January personal consumption expenditures price index is out Friday. Any signs of cooling inflation would also heighten prospects of a cut.
However Middle East tensions have driven up energy prices and if the war remains protracted could have an inflationary effect keeping interest rates higher-for-longer.
Write to Alex Kozul-Wright at alexander.kozul-wright@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
source: https://www.tradingview.com/news/DJN_DN20260313002076:0/
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