📊 Impact of the Speech on Cryptocurrency Prices:
After the speech, cryptocurrencies experienced some movements, with the price of Bitcoin rising to around $114,919, fluctuating between $111,761 and $115,447. This increase may indicate that investors have begun to regain confidence in the market following positive statements regarding interest rate cuts.
This was followed by notable increases in most cryptocurrencies.
🎯 Future Predictions:
If the Federal Reserve continues to adopt an accommodative policy, we may witness further increases in cryptocurrency prices, especially Bitcoin, as investors consider it "digital gold" in a low-interest environment. However, any signs of rising inflation or changes in monetary policies that could negatively impact the market should be monitored.
