Analysis: BTC may fall because Fed Chairman Powell said he is "not in a hurry to cut interest rates"

Odaily Planet Daily News Cointelegraph published an analysis on the X platform, saying that the decline of BTC today may be due to the fact that Fed Chairman Powell said that he was "not in a hurry to cut interest rates". It is reported that Powell said in a speech in Dallas, Texas that "the economy has not sent any signals that we need to cut interest rates in a hurry." The Fed previously cut interest rates twice in September and November, with a cut of 50 basis points and 25 basis points respectively. The Fed's next interest rate decision will be announced on December 18. Powell added that "the strong economy we are seeing now allows us to make decisions carefully. Ultimately, the direction of the policy interest rate will depend on how the upcoming data and economic outlook develop." The market shows that after Powell's speech, the price of Bitcoin fell by about 2.79% to $86,979, but has since recovered slightly.