Today, Friday, the weather for #BTC : high volatility is forecasted thanks to the so-called Jack asss son hole and his sponsor promoting a speech that keeps everyone on edge, yes, I'm talking about Jeremias (what a name) Powell of the FED.
Today, Friday, August 22 at 10 a.m. (Eastern Time, United States), generates expectations about possible signals regarding the future of interest rates, a factor that has influenced the recent fluctuation in the price of bitcoin (BTC).
At this moment in the crypto universe, everything looks green.
Green that I love you green!
Powell could provide clues about whether the FED plans to cut interest rates, currently in a range of 4.25% to 4.5%, as part of its strategy to control inflation.
Last year, at the same event, Powell announced that the FED was close to reducing rates after a period of increases to counteract the inflation generated by the pandemic. A similar hint today could encourage investors, as lower interest rates reduce borrowing costs, incentivizing investment in assets considered "risky" like bitcoin and other cryptocurrencies, which usually boosts their demand and price.
It's okay to dream!!