โ โ ๐๐ซ๐ฒ๐ฉ๐ญ๐จ ๐๐๐ฐ๐ฌ ๐๐จ๐๐๐ฒ : ๐๐๐ซ๐จ๐ฆ๐ ๐๐จ๐ฐ๐๐ฅ๐ฅ ๐๐ฉ๐๐๐๐ก ๐๐จ๐๐๐ฒ, ๐๐ซ๐ข๐๐ ๐๐ ๐๐จ๐ฅ๐ ๐๐จ๐๐๐ฒ, ๐๐๐ ๐๐ซ๐ข๐๐, ๐๐๐๐ซ ๐๐ซ๐ข๐๐โ
Crypto Market on Edge Ahead of Powellโs Speech as Gold Surges and Altcoins Shift
The global crypto market is poised for potential turbulence as investors await key remarks from Federal Reserve Chairman Jerome Powell. His insights on inflation and interest rates are expected to significantly influence investor sentiment across both traditional and digital asset markets.
Key Highlights:
Powell's Speech as Market Catalyst: Market participants are closely watching for any hawkish or dovish signals that may impact risk assets. Commentary on inflation and the labor market could drive sharp moves in cryptocurrencies.
Goldโs Climb Reflects Uncertainty: Gold prices continue their rally, trading near multi-year highs amid global economic uncertainty, inflation concerns, and a weakening dollarโfactors that may bolster interest in crypto as an inflation hedge.
Altcoin Movements: XRP is consolidating around $2.15 following legal optimism and ETF speculation, while HBAR shows signs of recovery, trading at $0.11 amid growing enterprise adoption and investor interest.
Cautious Market Sentiment: With Bitcoin near $80,000 and Ethereum around $4,000, the broader crypto market remains in a holding pattern, awaiting macroeconomic cues and regulatory updates.
