Few Hours Left!

Jerome Powell, the Chair of the Federal Reserve, is set to testify today about the Semi-Annual Monetary Policy Report before the Senate Banking Committee. Traders are eagerly anticipating his remarks, especially for any hints about potential interest rate cuts. Such signals can significantly impact the markets, particularly the crypto market, as lower interest rates are typically seen as positive for crypto prices.

Powell’s testimony is crucial because it provides insights into the Federal Reserve's stance on current economic conditions and future monetary policy. After delivering a prepared statement, Powell will engage in a Q&A session with committee members. This part is particularly important because the unpredictable questions can lead to unscripted moments, potentially causing sharp market movements in either direction.

#MarketSentimentToday #BTC_Bounce_Back_to_57k #BinanceTurns7 #SOFR_Spike