Get Smarter About Crypto

₿itcoin reached $42,070.

♢Ethereum reached $2,266.

What we will talk about today...

🤔📉 Why Bitcoin Is at $42000?

🚀👊 Fed Does Not Change Rates: Bitcoin Stays Strong With Economic Changes.

🦾 🤑 Robert Kiyosaki Shows the Power of Bitcoin.

Crypto Market Goes Down: Why Bitcoin Is at $42K?

The crypto world is exciting, where every change matters. Today’s drop has made investors ask: Why is Bitcoin at $42,162? Let’s find out the story behind the numbers.

🌐 The Federal Reserve’s Effect

Cryptocurrency, often moved by normal financial changes, is affected by the U.S. Federal Reserve’s choices. The recent fall in Bitcoin, now at $42,162, follows the Federal Reserve’s view on interest rate changes. Jerome Powell’s news that policy rates may have reached the highest for this change cycle made waves in the market.

💹 A Look at Recent History

Remember December 2023 when Bitcoin went past $31,000, starting a rise. The U.S. SEC’s yes to Bitcoin ETFs made the crypto fire bigger, pushing the market into a fun phase.

📉 Feb 2024: A Change in the Story

Today, Bitcoin’s value has fallen a bit, down 0.1% in the last hour and 1.9% from yesterday. But it is still 5.1% higher than a week ago. The total amount of Bitcoin deals in the last 24 hours was a big $26,520,587,977.

The global crypto market value, now at $1.7 trillion, lost 2.18% in the last 24 hours and is at 51.81% compared to a year ago. Bitcoin, with a market value of $827 billion, keeps its power at 48.78%, while stablecoins have a $137 billion market value, adding 8.07% to the total crypto market.

📅 Fed Choice: A Big Change

The big change came on January 31 when the Federal Reserve chose to keep interest rates the same. Powell’s words that the Fed would need “more trust” in fixing inflation problems before thinking of rate falls made shocks in both U.S. markets and BTC.

Powell’s overall good view on the U.S. economy, showing a fall in interest rates in the next months, made people happy. But, people guess May 1 as the possible start date for rate falls, a short-term problem for those who wanted an earlier change.

As the crypto market moves with economic choices, the trip goes on, making investors wait for the next part. Stay tuned for more changes in this moving crypto story! 🚀📉

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Fed Does Not Change Rates: Bitcoin Stays Strong With Economic Changes

On January 31, 2023, the U.S. Federal Reserve decided to keep the federal funds rate the same, making a big change in the money world. As normal markets went down, the crypto world stayed strong, with Bitcoin showing its power.

🏦 Fed’s Plan

The U.S. central bank kept its rate between 5.25% and 5.5% until the next meeting. Even though the economy and jobs were good, the Fed said it needed ‘more trust’ in inflation control, keeping to the 2% goal.

“The committee will look at data, the outlook, and the risks before changing the target range for the federal funds rate,” the central bank said. The Fed said it would only lower the target range when it was sure that inflation would stay at 2%.

📉 Markets React Differently

While normal markets, like Dow Jones and Nasdaq, fell after the news, Bitcoin stayed the same, at $43,258 per unit. Even gold and silver did not change much. However, the banking market had problems, shown by a big fall in shares of New York Community Bancorp.

Fed Chair Jerome Powell, in a talk after, said it needed ‘more trust’ in inflation going down, and maybe lower rates in the next months. Even though Powell said he wanted to keep the 2% inflation goal, markets were not happy, and Bitcoin fell 2.1% to $42,796 by 3:45 p.m. Eastern Time (ET) on Wednesday.

💡 What Comes Next

Powell’s careful words about maybe lowering rates in March 2024 made markets wonder about the future. As money stories go on, Bitcoin is an interesting part of this moving money show, staying strong with the changes in normal and digital markets. Stay tuned as the story goes on, showing the next parts of this money story. 🌐📈

Robert Kiyosaki Shows the Power of Bitcoin: A Shield Against the Quiet Money Thieves

Robert Kiyosaki, the smart person behind “Rich Dad Poor Dad,” tells the reason for his Bitcoin ownership. His money advice is good. Kiyosaki says that he likes Bitcoin as a smart move, a shield against quiet money theft by the Federal Reserve, the government, and Wall Street big people.

🛡️ Bitcoin: Keeper of Wealth

“Why I own Bitcoin. Bitcoin is protection against the theft of our wealth via our money,” Kiyosaki says on X, the social media place. He blames the Federal Reserve, Treasury Secretary Yellen, and Wall Street bankers, saying they steal wealth through inflation, taxation, and stock price tricks.

“Fed Chairman Powell, Treasury Secretary Yellen, and Wall Street bankers steal our wealth via our money, with inflation, taxation, and stock price tricks. That is why I save and invest in Bitcoin, not stocks, bonds, and fake dollars,” Kiyosaki says, showing his smart money plan.

📚 Money Wise vs. Wall Street Big

Kiyosaki always questions the effect of the Federal Reserve, the Biden team, and Wall Street on the U.S. economy and the American people. He calls fiat money “fake money,” and calls bitcoin “people’s money,” and gold and silver “God’s money.”

He does not trust the money world; Kiyosaki also looked at the U.S. court system, worrying about its honesty during former President Donald Trump’s trial. When the judge said no to Trump, Kiyosaki said, “America is done.”

Even though Kiyosaki says he does not know much about Bitcoin, he believes in the smartness of those who do and he bought it early. He sees Bitcoin’s value going up to $150,000, making his story against the quiet money thieves longer. 🚀💰

CAN YOU PREDICT THE PRICE?

HOW DID WE DO? 🤷

Stay tuned for more twists and turns in the crypto world & Happy Investing🚀💎