Market Optimism: The "Powell Effect" Causes Cryptocurrencies to Soar.
The cryptocurrency market is celebrating! 🎉 The expectation that the Federal Reserve (FED) will lower U.S. interest rates has triggered a "Powell Effect" that sent prices soaring. 📈 Bitcoin (BTC) hit the mark of $117,000 💰 and Ethereum (ETH) surpassed $4,700. 🚀 This potential drop in interest rates makes risk assets, like cryptocurrencies, much more attractive to investors. 🤩 The influx of capital is heating up the market and generating a strong sense of euphoria. 🥳 Stay tuned, as the change in U.S. monetary policy could be the catalyst for a new bull cycle! 🚀🔥
