Where does Bitcoin go after the comments from Fed Chair Powell?

Nor that of the US central bank decision To lower the interest rate, nor the chairman of the Federal Reserve Jerome Powell’s measured comments after the announcement fueled Bitcoin A lot on Wednesday.

But analysts who Decrypt spoke to it largely cheerful that the The price of the assets Would gain ground during the rest of the year.

Powell’s emphasis on a thinning employment market and wider care will probably lead to extra tariff reductions, which driven Bitcoin and other cryptocurrencies higher, they said. They also noticed other factors, including the growth of crypto treasure boxes, as a blessing.

“Powell was the movement of today as a ‘risk management reduction’ and noted that there was no big push for a step of 50 BPS, even when the explanation marked the explanation of job winsts and still marked inflation,” said Ira Auerbach, former head of digital assets in Nasdaq and the current Head of Offchain at Offcharain, Telled O In Offcharain Decodeer. “The declaration of the FOMC and the projections outline a data-dependent path to more cuts in the near future. Gemager financial conditions must support the crypto ecosystem.”

Earlier on Wednesday, the Fed reduced the federal fund presentation that it determines for overnight stay between commercial banks to a reach between 4.25% and 4.50%.

This year’s first reduction came unchanged after leaving the rates during five monetary policy meetings and after months of intense pressure from US President Donald Trump, who was sensitive to a thinning economy.

But falling employment numbers, including a downward adjustment of more than 900,000 in the number of jobs that ended in March for a period of a year to act.

“Risks for inflation are tilted up and risks for the disadvantage of the disadvantage, a challenging situation when … our framework calls us to balance both parties of our double mandate, with downward risk to the employment that has increased, the balance of the risks has been changing,” Powell Reporters said.

Six hours after the announcement, Bitcoin acted nearly $ 117,000, approximately in the last 24 hours, according to Crypto data provider Coingecko, because investors had reduced the rate reduction. The prices have since cooled slightly to $ 116,600.

Stocks and other risk-to-assets were not impressed in the same way of the technology-heavy Nasdaq and S&P 500, both immerse. Crypto and stock markets had been reduced in the days prior to the announcement, with Bitcoin climbing 2% in the past week.

In a text to DecryptGerry O’Shea, head of global market research at Crypto Asset Manager Hashdex, noted that Bitcoin’s “Gedempte” response to the announcement, but wrote that “other factors … Bitcoin could help higher in the coming weeks, including continuous demand from company treasures and ETFs.”

“These factors, together with more trust from the market that extra cuts are likely, can help Bitcoin in the coming weeks to raise a new of all time,” he wrote.

The interest rate could fall to 3.6% towards the end of the year, according to the median projection of bankers during the meeting, Powell noted, a level that requires one large reduction on one of the last two meetings this year or smaller cutbacks.

Extra median projections showed to 3.4% to 3.4% and 3.1% at the end of 2027 at the end of 2026.

“As always is the case, these individual predictions are subject to uncertainty,” said Powell. “Policy is not on a predetermined course.”

“Both Wall Street and Main Street are about to enter into a Fiat Devaluation cycle that has not been seen since 2021,” said Stephane Ouellette, CEO of crypto-oriented investment bank FrNT Financial, said Decodeer.

“Bitcoin is a clear alternative to this devaluation,” he wrote. “It may not happen in one go, but we believe that as the interest rates continue, investors will allocate more to Bitcoin over time to protect their purchasing power.”