$BTC 🚀🚀🚀

A timid Powell pushed bitcoin towards 100,000 dollars

Bitcoin recovered price levels not seen in over 2 months.

The market was expecting something, anything. A hint, a wink, a loose phrase that would allow projecting what the U.S. Federal Reserve (Fed) will do with interest rates for the rest of the year.

But Jerome Powell, chairman of the Fed, spoke and said nothing. Or rather, he said a lot without saying anything. His speech was timid, lacking conviction, predictable, and more like an artificial intelligence chatbot than the president of the most influential central bank in the world.

There was no rate cut, as was expected. Nor were there signs that they are approaching. But also none that they are not approaching. "Wait and see" remains the Fed's monetary policy.

Powell hinted again that decisions will be made meeting by meeting, and that everything depends on the evolution of inflation and employment. Cliché phrases, neutral, worn out. At this point, listening to Powell is like listening to the same audiobook on loop.

And yet, bitcoin rises. While Powell was speaking—or mumbling his ambiguity with technical manners—the price of bitcoin (BTC) started to climb. And this Thursday it is trading again above 99,000 dollars, at its highest level since early March. At times, the digital currency flirts with 100,000 dollars, a mark it has not touched in over two months.

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