What could overturn BTC is not necessarily Powell, but possibly Ueda Kazuo.
Bank of Japan Governor Ueda Kazuo stated, 'Interest rate hikes are just around the corner.' Both the stock market and bond market opened high, with the interest rate decision time on the 19th of this month: Japan: 00:00 Previous value 0.25% USA: 03:00 Previous value 4.75% If the yen raises interest rates and the dollar lowers interest rates, there will be a three-hour gap. The cryptocurrency market may experience a roller coaster movement. If the dollar remains unchanged, the cryptocurrency market will experience significant adjustments. Hot money flows into Japan, and global stock markets will once again face Black Thursday, with cryptocurrency inevitably affected. Interest rate hikes for the yen are imperative, and this wave of crypto activity is likely to end by mid-month or even earlier. It mainly depends on the two important data releases from the Federal Reserve and the statements from Federal Reserve officials.
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