Tonight, Federal Reserve Chairman Powell's semi-annual monetary policy testimony is crucial for the direction of the cryptocurrency market.

From an interest rate perspective, if signals of interest rate cuts are released, the attractiveness of dollar assets will decrease. As a high-yield alternative, interest in investing in cryptocurrencies may increase, driving prices up. At the same time, market liquidity will increase, with some funds flowing into the crypto market, enhancing activity, but it may also exacerbate volatility. Conversely, signals of interest rate hikes or maintaining high rates will weaken the investment appeal of cryptocurrencies, tighten market liquidity, and lead to capital outflows.

Regulatory attitude is also key. If Powell emphasizes strengthening regulation, it will raise market concerns, leading to a decline in cryptocurrency prices and decreased trading activity; if the stance is relatively open and supportive of healthy industry development, it will help enhance market confidence, stabilize, or boost prices.

Expectations for economic prospects also have a significant impact. If there are concerns about the economic outlook, the 'safe-haven' attribute of cryptocurrencies will be strengthened, attracting investor allocation; if the economic outlook is optimistic, investors will prefer traditional assets, reducing their attention to cryptocurrencies. #加密市场反弹 #鲍威尔半年度货币政策证词 #以色列伊朗冲突 #BTC #ETH