Bitcoin exchange rate has updated the weekly maximum

Posted 05 May, 2022

The first cryptocurrency rose sharply on the evening of May 4, at the moment its price reached $40,000.

On the evening of May 4, the bitcoin rate exceeded $40,000, after which it fell below this mark. Cryptocurrency has updated the price maximum since April 28. As of May 5, 10:10 Moscow time, bitcoin is trading at $39.5 thousand, over the past day it has risen in price by 3%.

Following bitcoin, the cost of the largest altcoins has increased over the past 24 hours. The Ethereum exchange rate rose by 4% to $2.9 thousand, and Binance Coin rose by 3% to $400. The total market capitalization per day increased by 4%, to $1.89 trillion, according to CoinGecko.

On May 4, the US Federal Reserve System (FRS) raised its key rate by 50 bp. for the first time since 2000. It reached 0.75-1% per annum. The regulator also announced plans to sell $30 billion worth of treasury bonds and $17.5 billion of mortgage bonds per month from June 1. In three months, sales will be increased to $60 billion for treasuries and $35 billion for mortgage-backed securities.

After the meeting, US indices rose sharply. For example, the S&P 500 rose 2.99% to 4300. The Nasdaq index rose 3.19% to 12,964.


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