Bitcoin (BTC) Today is a Critical Day! What Time Will FED Chairman Powell Speak?

All eyes in traditional finance and crypto markets have turned to Jerome Powell.

US Federal Reserve (FED) Chairman Jerome Powell has been on the agenda of traditional finance markets and the cryptocurrency sector in recent days. Powell, who will speak at the Jackson Hole Symposium today, will talk about the FED's interest rate policy.

According to experts, the possibility of the FED lowering interest rates next month is now certain. Whether the FED will lower interest rates by 25 basis points or 50 basis points continues to be debated.

As of today, FED Chairman Jerome Powell's speech will start at 17:00 Turkish time. Analysts at Evercore think that Powell will mainly talk about a 25-point cut tomorrow, but will also say that he will be open to a 50-point cut.

QCP Capital experts recently shared an economic report and said that Jerome Powell will give signals for a rate cut as of tomorrow.

As of today, Boston FED President Susan Collins said in a statement that the FED will soon begin its interest rate reduction cycle.

A dovish speech by FED President Jerome Powell tomorrow could lead to significant increases in the leading cryptocurrency Bitcoin (BTC) and altcoins.

Continue to follow for all developments.

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