![[코인시황] Maintain zero interest rate for FOMC, 5% increase in Bitcoin](http://www.coindeskkorea.com/news/photo/202103/73078_10933_1315.png "[코인시황] Maintain zero interest rate for FOMC, 5% increase in Bitcoin")
■ As of 10:20 a.m. today, Bitcoin (BTC) was traded for about 59178 dollars each. This is an increase of about 5.29% in 24 hours.
■ Over the course of 24 hours, the price of bitcoin has gone between $54201 and $58,078.
■ Looking at the price chart, the bitcoin price exceeded the 10-hour and 50-hour moving averages. According to technical analysis, this is a sign of an uptrend.
Bitcoin prices rose again this morning after the Federal Reserve announced that it would maintain its zero interest rate policy until 2023. Accordingly, Bitcoin is expected to function as a hedging tool to effectively prepare for rapid inflation.
When the Fed announced a policy to maintain a zero interest rate around 3 a.m. this morning, the price of Bitcoin rose from $55,000 to $58,000.
Bitcoin prices have doubled this year. This can be attributed to an increase in demand from institutional investors looking for assets that can guarantee their value in case the dollar’s purchasing power declines. Central banks around the world are printing trillions of dollars of currency and pouring them into financial markets around the world to revive the economy stranded by the Corona 19 pandemic.
In a report released yesterday, Morgan Stanley announced that “cryptocurrency is reaching its threshold for becoming an investable asset,” and that it will “support three types of bitcoin fund transactions.” In addition, Hong Kong software developer Meitu said it has purchased additional Bitcoin and Ether.
Jason Lau, chief operating officer of the cryptocurrency exchange OKCoin, said, “The move of Morgan Stanley and Maytwo is an active step to expand the scope of awareness and acceptance of bitcoin. “Show me” he said.
Ether keeps prices unchanged
Ether (ETH) traded at around $1825 each at 10:20 a.m. today, up 2.59% in 24 hours.
“Ether and Bitcoin are still pretty much moving together,” said OkayCoin’s Lau.
According to DeFi Pulse data, the amount of bitcoins deposited on the Ethereum blockchain has steadily declined for more than a month in recent years, but has increased sharply over the day yesterday.
Dennis Binokurov, senior researcher at Cryptocurrency Data Provider Trade the Chain, said, “The overgrowth that appeared in the market earlier this year with regard to cryptocurrencies, especially Ether, seems to be quiet, but the reality may be different.” “In fact, the amount of bitcoins deposited on Ethereum continues to increase, and many of them will eventually be transferred to the DeFi ecosystem.”
Some digital asset prices rose after Grayscale announced that it would launch new trust products linked to Chainlink’s LINK and Decentraland’s MANA. Digital Currency Group is the parent company of Grayscale and CoinDesk, and is also an investor in Decentraland.
This price increase is interpreted by the influence of investors and traders turning to altcoins after bitcoin hit an all-time high on the 13th.
Adam James, editor-in-chief of OKEx Insights said, “Altecoin prices may not be very pleasant for bitcoin investors, but for Ether investors, major altcoins will be seen as a great opportunity to regain market share. In this context, it is expected that Ether traders will find altcoins and various DeFi tokens by taking advantage of the gap in which the bitcoin price remains unchanged.
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