đ§ Powell Speaks, the Market Trembles: What Does It Mean for Cryptos? đđȘ
đš Jerome Powell made it clear:
đ "We are not ready to cut rates yet."
And with that statement, the global market reacted⊠and not for the better.
đ What happened?
Bitcoin quickly fell after the conference.
ETH also retreated, and many altcoins followed suit.
DXY (dollar index) rose, showing strength of the dollar.
Money left risk and sought more stable havens.
đ Why does what the Fed says matter so much?
When rates remain high, money becomes more expensive, and investors tend to avoid volatile assets like cryptocurrencies.
đĄ In summary:
High rates = less flow to crypto.
Low rates = more oxygen for BTC, ETH, and altcoins.
đ°ïž And now what?
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Many investors are waiting for new inflation and employment data to see if the cut will come in September.
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Meanwhile, the market could continue sideways or even correct further.
đŻ What can you do as a crypto investor?
đč Don't let panic take over.
đč Watch the key supports: BTC at $60K and ETH at $3,700 are important levels.
đč Take advantage of dips to accumulate solid projects if you believe in the long term.
đč Watch your leverage. In weeks like this, the market can move strongly.
đ„ Opportunities do not disappear; they just change form.
Will this correction be the last shake before cryptos take off in August?
đ What do you think? Do you buy the dip or wait for more signals?
#CryptoNew #Ethereum #FOMCâŹâ©