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Bitcoin dipped as much as 5% on Tuesday before recovering back above the support at $67,000. Federal Reserve Chairman Jerome Powell gives his customary speech on Wednesday after the FOMC meeting. Will he be dovish and add fuel to a potential bounce, or will sticky inflation incline him to be more hawkish and thereby suppress risk assets?

Powell’s Speech

At 2pm ET, Federal Reserve Chairman Jerome Powell will go to the lectern once more to deliver his customary speech at the end of the Federal Open Markets Committee (FOMC) meeting. 

The usual game will be played whereby market participants will analyse everything that Powell says, how he says it, and any nuances thereof. The direction and flow of billions, if not trillions of dollars will depend on this speech.

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Which coin do you think its going to explode this month?

$IO