Attention Bitcoin Investors 🔥: FED Chairman Powell Will Speech Today! Here is the time…

Critical hours have begun in the cryptocurrency industry.

As of today, it can be seen that small recoveries have begun in the cryptocurrency industry, contrary to the recent sharp declines. Mobility in the leading cryptocurrency Bitcoin (BTC) and altcoins may increase further in the coming hours.

ADP Non-Farm Employment Change data will be announced in the USA at 15.15 GMT. Immediately after this data, US Federal Reserve (FED) managers Bostic and Bowman will speak.

In Bitcoin (BTC), all eyes will be on the US Federal Reserve (FED) in the evening. While FED President Jerome Powell will speak at 19.10 GMT, different FED officials will also speak in the following hours.

FED Chairman Powell is expected to make statements similar to his last statements. Here are the highlights of Jerome Powell's latest statements:

*Cutting interest rates too early would be very devastating.

*Waiting too long could mean causing unnecessary harm to the economy and labor market

*My first thought about PCE was in line with expectations, it's nice to see it in line with expectations.

*We want to be more confident before lowering interest rates.

*If we see unexpected weakness in the labor market, this could trigger a policy response.

*We have the chance to reduce inflation without harming the economy.

*The probability of recession is not high right now.

*You've seen really significant progress on inflation.

*The economy does not suffer from interest rates at this level.

Our readers are advised to minimize the amount of risk in order to avoid being affected by the harsh movements that may occur in crypto assets today.

Stay tuned for updates.