Bitcoin futures futures market surges as central banks raise interest rates and move to curb market volatility

BUENOS AIRES, Brazil – Bitcoin futures are soaring as central bank moves to curb the market volatility caused by a possible increase in interest rates by the Federal Reserve.

The U.S. central bank has already signaled that it is willing to raise interest rate again next year and could move to do so again in 2021, but its move could push Bitcoin prices lower if the Fed decides to tighten the screws on the digital currency, analysts say.

“The Fed will certainly do its part, but this could push up the price for Bitcoin,” said Michael Pachter, head of the crypto currency research at Capital Economics.

Prices have fallen nearly 90% this year, according to

In the past, the central bank raised interest rates in the summer of 2016, causing Bitcoin to spike to over $10,000 before plummeting to $6,000 and then rebounding. 

As of mid-July, Bitcoin traded around $6.40, up from $5.30 earlier this month.

At the time, Bitcoin was trading at about $1,500 an ounce.

This year, the digital coin is trading around $1.50.

Bitcoin is still a volatile commodity, with a price fluctuating between $600 and $1-2,000, depending on the value of the coin.

Central banks around the world have stepped up their efforts to curb volatility in the currency, including in the U.K., Switzerland and Australia.

With interest rates still relatively low and the price of Bitcoin rising, it remains to be seen how much the market will react to the Fed’s move, Pachters said.

“It’s very difficult to say, ‘Well, maybe the Fed won’t do anything.'”

Pachter added that if the Federal Government did start to regulate Bitcoin, the price could likely rebound.

He said it’s hard to predict how much would rise, given that it’s very volatile.

“We don’t know what the Fed will do, but it will be interesting to see if it pushes prices up, because we have a lot of other currencies like bitcoin that have been doing pretty well,” he said.

Pachters also pointed to recent news that China is looking to regulate cryptocurrencies, with the country expected to impose a new law to restrict foreign exchange trading and restrict foreign ownership of cryptocurrencies.

Development Is Supported By

Best Online Casino » Play Online Blackjack, Free Slots, Roulette : Boe Casino.You can play the favorite 21 Casino,1xBet,7Bit Casino and Trada Casino for online casino game here, win real money! When you start playing with boecasino today, online casino games get trading and offers. Visit our website for more information and how to get different cash awards through our online casino platform.우리카지노 | 카지노사이트 | 더킹카지노 - 【신규가입쿠폰】.우리카지노는 국내 카지노 사이트 브랜드이다. 우리 카지노는 15년의 전통을 가지고 있으며, 메리트 카지노, 더킹카지노, 샌즈 카지노, 코인 카지노, 파라오카지노, 007 카지노, 퍼스트 카지노, 코인카지노가 온라인 카지노로 운영되고 있습니다.바카라 사이트【 우리카지노가입쿠폰 】- 슈터카지노.슈터카지노 에 오신 것을 환영합니다. 100% 안전 검증 온라인 카지노 사이트를 사용하는 것이좋습니다. 우리추천,메리트카지노(더킹카지노),파라오카지노,퍼스트카지노,코인카지노,샌즈카지노(예스카지노),바카라,포커,슬롯머신,블랙잭, 등 설명서.카지노사이트 - NO.1 바카라 사이트 - [ 신규가입쿠폰 ] - 라이더카지노.우리카지노에서 안전 카지노사이트를 추천드립니다. 최고의 서비스와 함께 안전한 환경에서 게임을 즐기세요.메리트 카지노 더킹카지노 샌즈카지노 예스 카지노 코인카지노 퍼스트카지노 007카지노 파라오카지노등 온라인카지노의 부동의1위 우리계열카지노를 추천해드립니다.우리카지노 - 【바카라사이트】카지노사이트인포,메리트카지노,샌즈카지노.바카라사이트인포는,2020년 최고의 우리카지노만추천합니다.카지노 바카라 007카지노,솔카지노,퍼스트카지노,코인카지노등 안전놀이터 먹튀없이 즐길수 있는카지노사이트인포에서 가입구폰 오링쿠폰 다양이벤트 진행.

Back To Top