🚀📈 Bitcoin Explodes to Meet Expectations! The Queen Cryptocurrency Soars After the Explosive Announcement from the Fed! 🚀
This Friday, Bitcoin recorded a spectacular jump, in perfect synchrony with the rise of the American stock markets. This surge is directly linked to the announcement of the United States Federal Reserve, which plans to reduce interest rates as early as September.
At the Fed's annual economic conference in Jackson Hole, Wyoming, Fed Chairman Jerome Powell said the time has come to adjust monetary policy. "The direction is clear, and the pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks," he said. He also confirmed that "inflation is on a sustainable path toward 2 percent."
Additionally, Powell stressed that the Fed will now focus its efforts on supporting the labor market, citing diminishing upside risks to inflation and increasing downside risks to employment.
In response, Bitcoin saw an intraday spike above $62,000 before stabilizing around $61,770. This surge could be bolstered by Robert Kennedy, a leading independent candidate in the US presidential race, announcing that he is suspending his campaign in Arizona. Many are speculating that he could endorse Donald Trump, strengthening his position against Kamala Harris. Additionally, Trump even announced a special guest for his Arizona rally.
The trend is clear: the market is moving, and Bitcoin $BTC is taking advantage!
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