The new giant in the bitcoin / digital currency market has risen one class

According to Eqtesadnews, the past day was a very busy day for the economy. A large international organization has decided to provide bitcoin access to its customers.

New federal decisions

According to CNBC, the Federal Reserve on Wednesday strongly exceeded its expectations and forecasts for Economic Growth Increased but showed that despite the improved and changed outlook The inflation rate This year, the probability Rising interest rates Not available until 2023.

As widely expected, the Federal Open Market Policy Committee continued to vote to keep short-term lending rates close to zero by maintaining an asset purchase program in which the central bank buys at least $ 120 billion a month in bonds.

These fundamental changes in how central bankers view the economic landscape ahead and its impact on policies. According to quarterly economic reports by members of the Federal Open Market Committee, GDP in 2021 is projected to be 6.5%. Increase.

The index forecasts for profit in 2022 and 2023 for 3.3 and 2.2 percent, respectively.

As GDP grows, committee members predict that unemployment will fall from its current level of 6.2 percent to 4.5 percent. Forecasts for the next two years will be 4.2% and 3.7% before reaching a longer level of 4%.

Gold and dollar prices

The price of gold fell after the news of a jump in economic growth, but after the Federal Reserve announced that at least until 2023 Interest rate Will continue to close to zero, the price of gold went up.

Gold for April delivery reached $ 1,727.10 an ounce, then climbed to $ 1,742 an ounce. The current price of gold is $ 1,744, an increase of $ 13 or 0.77%. The dollar fell on Wednesday after the Federal Reserve kept rates on hold and predicted no increase in 2023.

With US 10-year Treasury performance retreating from 13-month high Dollar Index The United States fell 0.43 percent to 91.48.


The new bitcoin giant

CNBC has received exclusive news that Morgan Stanley, the first major US bank, is providing Bitcoin fund customers with access to Bitcoin funds.

Investment Bank, a $ 4 trillion asset management giant, said in an internal memo to its financial advisers on Wednesday that it was launching access to three funds that would make it possible to own bitcoins.

The move is an important step in adopting Bitcoin as an asset class. Bitcoin fluctuations in the past year have pushed Wall Street companies to consider joining a fledgling asset class.

At present, the price of each bitcoin has increased by more than 3% to the value of $ 57,791.