Attention of Bitcoin (BTC) Investors: Impact of FED President Jerome Powell's Remarks Tomorrow

Today, amidst fluctuations in the cryptocurrency realm, notable downturns in leading cryptocurrency Bitcoin (BTC) and other altcoins have intensified pressure on investors.

Tomorrow, US Federal Reserve (FED) chairman Jerome Powell is slated to deliver a speech subsequent to the FED's interest rate determination. Powell's statements are poised to directly influence the crypto landscape.

According to insights shared by market analysts, Powell is anticipated to express the following sentiments during the forthcoming press conference:

"The policy warrants further assessment; the subsequent action is likely to involve a rate reduction, and the committee will maintain a watchful stance until the Fed attains more clarity regarding inflation."

Bank of America economists anticipate a deceleration in quantitative tightening, with the monthly redemption limit of the US Treasury expected to decrease from $60 billion to $30 billion. Economists offer the following observations regarding Powell:

"We perceive Powell's satisfaction in the substantial pricing-in of this year's rate reductions."

"The FED is poised to lower interest rates this year, potentially encountering challenges in market regulation."

Should FED officials and Chairman Jerome Powell refrain from delivering a stringent address tomorrow evening, the crypto market may experience some degree of recuperation.