The price of Bitcoin fell below $95,000, according to data from Coindesk. The value of the cryptocurrency is falling amid the head of the US Federal Reserve System (FRS), Jerome Powell, expressing skepticism about the creation of a “strategic bitcoin reserve” in the country, writes Reuters .
Author:
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At the low of the last 24 hours, the cryptocurrency was worth 94.1 thousand dollars, and at the time of this publication (13:48 Moscow time) it was trading at 94.8 thousand dollars with a capitalization of 1.88 trillion dollars, an increase of 0.8%.
Powell previously said that the Federal Reserve, which acts as the US central bank, does not want to participate in any government efforts to accumulate large volumes of bitcoins. The creation of a “strategic reserve” of this cryptocurrency in the country was allowed by President-elect Donald Trump.
According to Powell, the Federal Reserve does not have the legal authority to own Bitcoin. “This issue should be considered by Congress, but we do not intend to change the law,” the official said. Reuters clarified that Republican Senator Cynthia Lummis presented a bill according to which the US Treasury will buy 200 thousand bitcoins annually until the supply reaches 1 million tokens.
On December 17, the cryptocurrency updated another historical record, surpassing $108 thousand. The price of Bitcoin rose after Trump’s statements that his future administration would “do something big with cryptocurrencies” so that the United States would not fall behind China and other countries in this. industry.
Author:
Bogdan Muzychenko
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
