#BTC

It seems to have taken liquid and provided upward returns with every #Tether issue. Currently #BTC is trying to hold on trend support. This is because there are #POWELL and america data releases this week, so the market is on hold.

The Federal Reserve decided to keep the interest rate at 5.25-5.50%. They noted that the economy is growing well and inflation is improving slightly. They will base future decisions on upcoming economic data.
#POWELL #IntroToCopytrading #FOMC_Meeting_Results

⭐What Will Happen to Bitcoin and Cryptocurrencies If the FED Cuts Interest Rates? ⭐
First of all, what did Powell say?

👍Powell said in his statement on Friday;
“It is time for policy to adapt” and stated that the timing and scale of interest rate cuts will be shaped in line with economic data and the evolving outlook. “The direction of the trend is clear and the timing and speed of interest rate cuts will depend on the data to be obtained, the developing situation and the balance of risk,” he added.

👍This news was welcomed positively by the cryptocurrency markets. Since digital assets are generally considered risky investments, the support of monetary policy to economic growth can help crypto assets gain value.

👍The FED had aggressively increased interest rates starting in March 2022 to combat high inflation, raising them to 5.25% to 5.50% by July 2023. This rapid tightening was recorded as the largest interest rate hike cycle in US history. High interest rates have driven investors to assets that offer safe returns, such as Treasury bonds.

The point I will draw attention to here is this:
🚀💰If interest rates are lowered, investors are expected to re-focus on riskier assets such as stocks and cryptocurrencies. 💰🚀

Lower borrowing costs can increase economic activity by making it easier for both consumers and businesses to access capital. This increased liquidity generally means higher spending and investment, which can spur rallies in riskier assets such as Bitcoin.

💰💰💰⭐RALLY IS COMING!!.. ⭐💰💰💰

#FED #POWELL