News : Powell’s comments sent $300M into Binance BTC futures, lifting open interest to $13.3B.
Who is Jerome Powell?
* Jerome Powell: The Chairman of the U.S. Federal Reserve, whose comments on the economy have a huge impact on financial markets, including crypto. 🏦
How does this impact the crypto market?
* Strong Bullish Reaction: The immediate and large inflow of money into Bitcoin futures shows that investors saw Powell's comments as a very positive signal for crypto. 🚀
* Increased Speculation: A jump in "open interest" means more people are betting on Bitcoin's price to go up, which can lead to more market activity and potential volatility. 🎢
* Confirmation of a Trend: The news confirms that investors see Bitcoin as a serious asset that reacts to the same macro-economic factors as other major investments like stocks. 🌐
