🔥Powell's speech sends Bitcoin reeling.
The price of
#Bitcoin surpassed $61,000 ahead of the US Federal Reserve Chairman's
#JeromePowell speech. The traditional
#mercados also had a high moment
#Volatilidad .
At the US Federal Reserve's annual Jackson Hole symposium, Powell was more confident that the
#inflación was on a sustainable 2% trajectory and gave signals that the central bank would start lowering interest rates.
The question everyone is now asking is how much interest rates could go down. According to the CME fedwatch tool, there is a 65.5% chance that rates will be cut by 25 basis points, while 34.5% think it will be cut by 50 basis points. We will know this in September when the FED FOMC is held.
So after these events, we have that the price of Bitcoin exceeded $61,000 dollars until reaching $62,320 dollars for a few moments. It is currently at $61,466 dollars.
On the other hand, the main indices such as the Dow Jones, S&P500 and Nasdaq rose 1%, 1.2% and 1.8% respectively.
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$BTC