#PowellRemarks

Jerome Powell - Chairman of the Federal Reserve System of the United States, once again became a key figure for global financial markets. His remarks have not only influenced market volatility but also outlined the further direction of U.S. monetary policy.

How will Powell's remarks affect cryptocurrency?

When the Fed signals that interest rates will remain high for longer, it is a negative signal for cryptocurrencies.

High rates reduce investors' appetite for risk. Crypto is a classic risky asset. Bitcoin, Ethereum, and other coins often drop on news of the Fed's "hawkish" policy.

Statements by Powell

Statements about the continuation of tight monetary policy usually strengthen the U.S. dollar. This, in turn, puts pressure on cryptocurrency prices.

The Fed controls access to liquidity. If Powell signals a restriction on the money supply, it means less "free money" in the market - less "speculation in crypto."

After Powell's speech, the cryptocurrency market often becomes very volatile.

Powell's statements are one of the key fundamental factors in the crypto market.

If he is a "hawk" - prepare for falling prices. If a "dove" - crypto may receive a new wave of growth.