$BTC

The speech of the Chairman of the Federal Reserve System (Fed) Jerome Powell will take place today, April 29, 2025, at 1:30 PM Eastern Daylight Time (EDT), which corresponds to 7:30 PM Central European Summer Time (CEST).

Markets are eagerly awaiting Powell's speech, as his statements may influence expectations regarding interest rates and, consequently, the dynamics of cryptocurrencies:

Moderate tone: If Powell expresses caution regarding rate changes, it could strengthen the positions of cryptocurrencies such as BTC and ETH.

Hawkish tone: If Powell hints at the possibility of rate hikes due to inflationary risks, it could put pressure on the crypto market.

Investors are advised to closely monitor the speech, as it may trigger increased volatility in the market.