In 3 hours from now
The impact of Jerome Powell's speech today on the crypto market
Today at 16:35 GMT, the Chairman of the U.S. Federal Reserve Jerome Powell will deliver a speech titled “Economic Outlook,” in which he will discuss the future of the U.S. economy, inflation, and interest rates.
🔹 Why is the event important?
Powell's words usually have an immediate impact on the markets, especially digital currencies, as they reveal the Fed's upcoming direction regarding interest rates.
🔸 Possible scenarios:
Tight tone: If he hints at the continuation of strict policy against inflation, the crypto market may temporarily weaken as the dollar rises.
Dovish tone: If he alludes to the possibility of rate cuts, digital currencies, especially Bitcoin and Ethereum, may experience a strong upward wave.
Neutral tone: If he does not provide anything new, movements are likely to remain limited and temporary.
In short, investors are waiting for what Powell will say to determine the next market direction — every word from him could mean strong upward movement or a sharp correction in moments.
What do you think?
Do you expect Powell's speech today to be a new starting signal for the crypto market, or the beginning of a strong correction after recent increases?
Share your predictions in the comments 👇
