❗️Insider Information?

➡️Powell is set to speak at Jackson Hole this Friday and may mention that the Fed is ready to cut rates by 50 basis points.

If Jerome Powell indeed announces the Fed’s readiness to lower interest rates by 50 basis points, it could trigger significant movement in the crypto market. Here are some possible scenarios:

🟠Cryptocurrency Growth🔼: Lower rates could boost interest in riskier assets, including cryptocurrencies. As rates fall, access to cheaper money increases, which could lead to more investments in volatile assets like Bitcoin and altcoins.

🟠Weaker US Dollar📉: A rate cut usually leads to a weaker national currency. If the dollar weakens, it may enhance the appeal of cryptocurrencies as an alternative store of value.

🟠Increased Liquidity📈: A more accommodative monetary policy boosts market liquidity. This could result in higher trading volumes and rising crypto prices.

➡️However, the impact will depend on how market participants interpret Powell's statement, as well as other macroeconomic factors and overall market sentiment. In any case, if this insider information proves true, the crypto market could see a sharp rise in the short term.$BTC