How will the Fed's asset cuts affect the Bitcoin market?

After the Fed announced slower growth, the value of Bitcoin and the stock market rose accordingly.

Yesterday, the Federal Reserve announced that it was accelerating by reducing its assets to $ 30 billion, doubling its original plan, to $ 30 billion per month, a slightly higher visibility of the industry. Jerome Powell (Jerome Powell) added that planning and working to reduce inventory is a more stable way in the market than the end of all modern real estate. The current plan is to complete the asset purchase by March 2022. The market expects us to have a share of the 100bp price increase in 2022.

As the market expects the Fed to raise interest rates

Estimate when the Fed will raise interest rates

When it comes to cryptocurrencies, Powell doesn't think this is a major financial security issue, but the leverage of his system is worth paying for. He pointed out that cryptocurrencies are risky and speculative and highlighted the benefits of stablecoins when administered.

However, President Powell made several statements in his Q&A, indicating that the Fed is considering adjusting fiscal policy if necessary and applying more fiscal policy. This is a short term problem for the market. With the interest rate hike in March, the market started to tighten overall.

Bitcoin and commodities rose simultaneously after the Fed announced its downward policy, saying the meeting was "selling gossip and buying news."

Relationship between BTC and SPY

BTC and SPY rose simultaneously after comments from the Fed.