#PowellRemarks Powell could change the course of bitcoin this afternoon.

The Federal Reserve of the United States (Fed) will announce whether it cuts or maintains the interest rate. The decision will be known at 2:00 PM (Washington DC time) after the meeting of the Federal Open Market Committee (FOMC) and could have a direct impact on the price of bitcoin (BTC) and other financial assets.

Although the market already believes that the interest rate will remain around 4.25%- 4.50% annually, the focus is on the speech that Jerome Powell, the president of the Fed, will give after the data is published. His words could provide clues about future cuts or the continuation of the current monetary policy.

If the market interprets the Fed's projections as favorable, it could push the price of bitcoin and cryptocurrencies higher.

Conversely, if he maintains a cautious stance, that could create downward pressure on digital assets. In any case, a day marked by high volatility in the market is expected.

Source: Criptonoticias