Bitcoin bounced after comments from the President of the US Federal Reserve Jerome Powell at the FOMC meeting, indicating that banks are allowed to serve encryption customers.

Initially, the encryption markets had a silent reaction to the decision of the Federal Open Market Committee on Wednesday, January 29, to maintain interest rates unchanged. The Federal Reserve maintained the rate of federal funds by 4.25 % to 4.50 %, pointing to "somewhat high inflation", as analysts expected.

Bitcoin (BTCIt fell 0.5 % minutes after the FOMC Federal Reserve launched. The bullish trend accelerated to 3 %, pushing BTC above $ 103,500, heading to the American evening trading session.

Responding to a question related to encryption, Powell I mentioned American banks are "fully able" to service of encryption customers, provided that they correspond to the requirements of risk detection. He stressed that the disposal of bank customers from a legal point of view does not feed on politics, dealing with concerns related to the so -called "point of strangling point 2.0".

"The wonderful organization will be useful," he added.

He also emphasized that the US Central Bank cannot legally contract BTC, prompting Senator Centum Lomes to propose a law change if necessary.

Digital asset markets turned in green after Powell's comments, while the main American stock indicators closed today a little red.

Federal interest rates that have not changed the division of morale between bulls and short -term bears. Bols has argued that Bitcoin could rise in February, as it was on the eight of February 12. They also speculated that President Trump's supporter's position could provide additional support for BTC and the broader market.

On the other hand, the bears claimed that fixed interest rates could deter new capital flows to BTC and relevant products, such as boxes circulating in Bitcoin exchange in Wall Street.

Meanwhile, reports indicate that President Trump has encouraged Powell and chatting to implement low interest rates. However, Powell stated that he had no contact with Trump yet and has not commented on the rumors request.