#PowellRemarks
Change in Monetary Policy*: Powell indicated that the time has come to change monetary policy, which may mean a reduction in interest rates in September.
- *Impact on Digital Currencies*: This potential shift in monetary policy may have a positive effect on the digital currency market, as a decrease in interest rates could lead to increased liquidity in the market and heightened demand for high-risk assets.
- *Rise in Cryptocurrency Prices*: Following Powell's statements, Bitcoin rose to nearly $104,000, boosting optimism about further increases.
- *Study of Issuing a Digital Currency*: The United States is working on studying the issuance of a digital currency, and Powell said: "We are actively working to assess the possibility of issuing a central bank digital currency."