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$166.48 -1.35398
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Shiba Inu
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$0.0000258 -6.31641
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Pepe
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Bonk
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$0.0000338 -8.17173
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Bitcoin
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$68,308.00 1.11911
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Ethereum
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$3,746.21 -0.5547
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BNB
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Solana
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XRP
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Shiba Inu
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Pepe
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Bonk
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Bonk price
Bitcoin
Bitcoin (BTC)
$68,308.00 1.11911
Bitcoin price
Ethereum
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$3,746.21 -0.5547
Ethereum price
BNB
BNB (BNB)
$594.61 -0.16041
BNB price
Solana
Solana (SOL)
$166.48 -1.35398
Solana price
XRP
XRP (XRP)
$0.5195300 -0.65763
XRP price
Shiba Inu
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$0.0000258 -6.31641
Shiba Inu price
Pepe
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$0.0000143 -2.6421
Pepe price
Bonk
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SirWin
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SirWin

Jerome Powell speech may trigger a pullback in bitcoin

jerome-powell-speech-may-trigger-a-pullback-in-bitcoin
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News
Jerome Powell speech may trigger a pullback in bitcoin

Fed chairman Powell will discuss the state of the U.S. economy and his Fed’s monetary policy plans, in an upcoming speech, which may impact bitcoin prices.

Investors want to know what Powell has to say about the future of the U.S. dollar, as interest rates play a key role in determining a currency’s value.

The Fed on bitcoin

Market pundits expect a healthy drop in the value of bitcoin based on what Fed chairman Jerome Powell says.

As the central bank of the United States, the Fed’s monetary policy has a significant impact on the economy and financial markets. The Chairman’s speech, which investors and traders have been waiting for, has the potential to change the course of the bitcoin market.

If the chair proposes a tougher monetary policy, the U.S. dollar could appreciate and the bitcoin price could fall.

However, it is important to note that the cryptocurrency market is known for its volatility and unpredictability. While Powell’s speech may have short-term implications, it is unlikely to dictate the long-term direction of bitcoin prices.

Chairman Powell’s next speech could trigger a healthy drop in bitcoin’s value, but the cryptocurrency market is always subject to unexpected changes and volatility.