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Driven by the Federal Reserve (Fed) which claims it will continue to maintain monetary easing and insists there are tools available that can revitalize the economy, Bitcoin hit $ 15,000 all at once on the 5th, a new high since January 2018.
The CoinDesk quote shows that at 9:44 a.m. on the 6th of Taiwan, Bitcoin was reported at US $ 15,782.80, which was 11.86% higher than 24 hours ago and 71% higher than US $ 9,226.49 on November 8. of 2019.
CNBC and CoinDesk reported that Henrik Kugelberg, a trader in the Swedish store market, said that no matter who enters the White House, the United States will press the spend button again. In 2021, there may be more payment systems that support virtual currencies around the world, and some of the funds will definitely be Parked in Bitcoin.
Simon Peters, virtual currency asset analyst at investment platform eToro, said that Bitcoin was created in part because people are concerned that more and more fiscal stimulus programs will promote the devaluation of global currencies. When central banks announced that they would extend monetary easing, many virtual currency investors immediately saw it as an important signal to buy bitcoins.
As expected by the market, the Federal Open Market Committee (FOMC) announced on the 5th that it would keep the federal funds rate unchanged at 0-0.25%, which has been on hold for 7 consecutive months.
Fed Chairman Jerome Powell said at a press conference after the 5th meeting: “Has monetary policy exhausted all the silver bullets? I think the answer is no.” He said: “The Fed promises to use these powerful tools. By supporting the economy when necessary to overcome the current difficulties, no one should doubt this.”
PayPal Holdings, Inc., a third-party digital payment platform, released an important statement on October 21, announcing that it will accept virtual currency payments from customers in early 2021.
To increase consumer understanding and acceptance of virtual currencies, PayPal decided to introduce the function of buying, holding and selling specific virtual currencies. The virtual currencies covered are Bitcoin, Ethereum and Bitcoin. Cash (Bitcoin Cash) and Litecoin (Litecoin), customers can transact directly in PayPal’s digital wallet. This service will roll out to PayPal users in the US in the coming weeks and will roll out to its Venmo mobile payment service and several targeted international markets in the first half of next year.
(This article is reprinted with permission from MoneyDJ News; source for first image: Pixabay)
New knowledge of science and technology, updated periodically.
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