Breaking News: Powell Speaks Bitcoin is $63,600.

The King cryptocurrency has reversed its direction to the upside and investors only want to see continued closes at higher levels. Thus, excessive sales losses in altcoins can be compensated. While the article was being prepared, Powell's statements were continuing. The markets became active because the things he said focused on inflation and interest.

Latest inflation data came positive amid rumors that the Fed might make a surprise cut at its meeting at the end of this month. Although PCE data was also positive, there was a 0.5% increase in PPI. Powell has now strengthened his hand in terms of discounts due to both the slackening in employment and the low inflation data in the last few months. In his last statements he said: A Prize Pool Worth 21 Million TL is Awaiting You from BinanceTR! Participating and winning has never been easier. Sign up to BinanceTR from this link and get your first crypto!

“The economy has performed quite well in the last few years. It was expected that the economy would slow down and inflation would weaken this year, something like this is happening. The second quarter of inflation represents progress with three good values. Now that inflation has subsided, we will review both tasks. If we see an unexpected weakening in the labor market, this will require us to react. If the Fed waits for inflation to reach 2% to cut, it will be waiting too long. In the first period, inflation was driven by the demand for goods and initially appeared to be temporary; The Fed could not accurately predict how quickly the economy would return to normal, and we remained more cautious. "I've always thought there was a way to reduce inflation without the kind of labor market stress typical of past tightening cycles."