Bitcoin price flourished after the FED chairman's speech
What did Fed Chairman Jerome Powell say yesterday:
Mr. Powell said that recent data has made continuous progress, toward both of the Fed's main goals.
Faced with existing fluctuations and risks, the FED Chairman emphasized that they will consider ls policy carefully.=> The FED may not raise interest rates at its next meeting at the end of this month.
However, in the long term, the FED Chairman still leaves the door open for interest rate increases
Mr. Powell said that inflation is still high and the possibility of "tightening is still possible". One day before the FED Chairman's speech, FED Governor Christopher Waller suggested the possibility of continuing to keep interest rates unchanged. in the next round. This combined with Mr. Powell's views may have caused $BTC to increase in price.