The main news of the past seven days was the speech by the head of the US Federal Reserve, Jerome Powell. The interest rate was lowered by 0.25%, which fully aligned with the consensus forecast. The rate for short-term loans is now in the range of 4.25% - 4.5%.

Typically, a decrease in the interest rate benefits the cryptocurrency market. However, this time the situation turned out to be the opposite. The reason is that Powell opposed the creation of a strategic reserve in bitcoins, which Donald Trump recently promised to create during his campaign. According to the head of the Fed, the regulator has neither the right to own BTC nor the desire to change the legislation. Naturally, such words caused skepticism among crypto investors.$SUI $NEIRO $ZEN #2024withBinance