Federal Reserve Chairman Jerome Powell is about to testify before Congress, and his every word could have a profound impact on Bitcoin and the entire cryptocurrency market. At a time when the relationship between global monetary policy and digital assets is gaining increasing attention, Powell's shift in his stance on cryptocurrencies is particularly noteworthy.

Last month, Powell acknowledged the durability of cryptocurrencies, saying that "we do view payment stablecoins as a form of money," which could foreshadow a potential shift in the Fed's attitude towards digital assets. The remarks undoubtedly brought a glimmer of hope to cryptocurrency enthusiasts and investors.

As Powell testifies on the Fed's semi-annual monetary policy report, cryptocurrency investors will be closely watching for any clues about future interest rate decisions. The Fed's recent report emphasized a cautious attitude, saying that it does not expect to lower the target range until there is greater confidence that inflation can continue to move toward the 2% target.

Bitcoin has become increasingly correlated with macroeconomic factors in recent years and is extremely sensitive to changes in monetary policy. Any possible signs of a rate cut could trigger a rise in Bitcoin prices, as lower interest rates generally encourage investment in riskier assets. Although current investors are concerned about the end of the bull market, buying when others are panicking often brings higher returns. The market bottom may have arrived or is about to arrive#德国政府转移比特币 #BTC☀ #BTC下跌分析 #ENS #io项目