⏏️📶The Boom of Cryptocurrencies with the Federal Reserve Adopting an Expansionary Policy📉◀️

⚪Cryptocurrency markets have rebounded after Federal Reserve Chairman Jerome Powell's statements favoring quantitative easing today.🔺 Powell opened the door for a potential interest rate cut during his speech in Jackson Hole🔺, which cryptocurrency and traditional markets have been eagerly anticipating🔺, even if they did not necessarily expect it.✔️📶

⚪Cryptocurrencies have once again surpassed the $4 trillion mark,🔺 and the Dow Jones Industrial Average surged by as much as 900 points🔺, seeing an increase of up to 2% during the day🔺, after Powell indicated the possibility of an interest rate cut🔺. This simultaneous rise in traditional and digital assets🔺 comes with an increased appetite for risk🔺, following weeks of consolidation🔺, as the S&P 500 index rose by 1.68%, and the Nasdaq🔺, dominated by the technology sector,🔺 increased by 2.1%.✔️📉

⚪Powell's keynote speech at the annual symposium was characterized by a more pessimistic tone than the markets had expected🔺. Powell stated🟰: "The risks of a decline in employment are increasing🔺. With monetary policy remaining in a restrictive range🔺, the changing fundamental outlook and risk balance may necessitate an adjustment of our stance on monetary sovereignty✔️📉

🟢This is not financial advice🟢

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