All Eyes on Bitcoin Turned to FED Chairman Powell's Speech!
FED President Jerome Powell will comment on the US economy at 21.30 GMT.
Recently, the US Federal Reserve (FED) announced its new interest rate decision. FED managers, who kept interest rates constant at 5.50% in line with expectations, seem to have left no room for any surprises.
Although some experts said that a surprise interest rate cut decision might be made after the US inflation data was announced below expectations (3.3%) today, the FED acted in line with market expectations.
As of now, the eyes of the financial markets and the cryptocurrency industry have turned to FED chairman Jerome Powell. Jerome Powell will appear in front of the cameras at 21.30 GMT and comment on the US economy.
In this press conference, Jerome Powell's dovish statements may have a positive impact on crypto assets, while his hawkish statements may cause a decline in the markets.
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