Bitcoin exceeded the USD 97,000 on Wednesday before establishing itself above the USD 96,000, since a confluence of global monetary movements stirred the markets before the Federal Reserve Policy announcement.
The recruitment of the cryptocurrency occurred hours after China injects USD 138 billion in its economy through a wide stimulus package and the US Central Bank. UU. Making consecutive purchases of the Treasury for a total of USD 34.8 billion.
These events, combined with the resumption of commercial conversations between China and the United States, have increased speculation about a return to quantitative flexibility, changing the feeling of world investors towards risk assets such as cryptocurrencies.
China injects liquidity and cuts interest rates
At a press conference organized by the State Council Information Office, the Governor of the Popular Bank of China, PAN GongSheng, announced a cut of 0.5 percentage points in the mandatory reserve coefficient (RRR), releasing 1 billion yuanes (~ 138,000 million dollars) in long -term liquidity.
This measure was combined with a 10 basic point cut of the official interest rate and a reversal rate reduction to seven days from 1.5% to 1.4%.
The stimulus package also included a reproach mechanism of 500,000 million yuan destined to support the care of the elderly and domestic consumption.
In addition, mortgage rates were cut and reserve requirements for car financing companies were relieved.
These measures are intended to counteract the weakening of domestic demand and support the deceleration of the real estate sector.
The moment of the announcement was critical. It occurred just before the United States confirmed that the Secretary of the Treasury, Scott Besent, would meet with the Vice Prime Chinese Minister, He Ling, in Switzerland on May 10 and 11.
The next summit marks the first official commercial conversations since President Trump raised tariffs on Chinese imports to 145%.
Bitcoin and the S&P 500 react to global flexibility signals
The markets immediately responded to the two stimulus and diplomacy holders.
According to The Kobeissi Letter, the futures of the S&P 500 rose more than 1%, while Bitcoin jumped over $ 97,000.
The cryptocurrency profits were moderated later in the day, with BTC quoting USD 96,911 at the time of writing this article, 2.93% more in the last 24 hours.
Fountain: Coinmarketcap
Gold also recovered strongly, approaching historical maximums of $ 3,437.60, showing an increase of 28.84% so far this year.
Precious metal profits suggest that investors are positioning for uncertainty before the Federal Federal Market Committee (FOMC) of the Federal Reserve.
Fed bond purchases trigger speculation about quantitative flexibility
In addition to the impulse of the market, the Federal Reserve silently bought 34.8 billion dollars in Treasury values in two days. On May 5, it acquired 20,000 million dollars in 3 -year bonds, followed by a purchase of $ 14.8 billion in 10 years on May 6.
These movements were made without any formal announcement of a policy change.
The scale and velocity of purchases have fed speculation that the Fed is tantling the waters for a return to quantitative flexibility.
This occurs after months of cautious guidance by President Jerome Powell, who had argued that greater hardening or balance reductions were possible based on inflation trends.
Arthur Hayes, former Bitmex CEO, suggested in a recent column that these actions could boost Bitcoin to USD 250,000 by the end of 2025, if the QE formally resumes.
However, other analysts remain skeptical, pointing out the absence of systemic financial tensions that would normally justify such action.
Eyes put in the Fed while markets expect clarity
Today’s FOMC meeting will be closely followed by signals on the political position of the Fed.
A moderate turn could help Bitcoin establish a stronger support above USD 97,000, while a more aggressive tone can lead to greater volatility.
Investors are still cautious but alert, and the coordination of world central banks and the renewed commercial diplomacy suggest deeper macroeconomic changes.
That Bitcoin maintains his bullish trajectory depends largely on the message that the Fed sends in the next few hours.
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