#StrategyBTCPurchase
Bitcoin is stable near 114,000$ , awaiting Powell's speech. Bitcoin settled at 113,439$ after touching a six-week low of 112,386$.
Caution prevails among investors ahead of the Federal Reserve Chair's remarks, amid political pressures on the central bank.
The markets reacted immediately to Powell's words!
First: The Fed is open to a rate cut once this year.
Second: The current rate is close to the neutral level… although Powell did not say it is above neutral, the market perceives it that way.
The result: The expected cut has been explicitly mentioned for the first time, leading the markets to anticipate a rate cut in the next meeting or the one after it.
