#PowellRemarks

The latest statements from Jerome Powell, chairman of the Fed, once again shifted the landscape of the markets. Powell reaffirmed that they will remain firm with high interest rates until a clear reduction in inflation is seen. This had an immediate impact on both stocks and cryptocurrencies, especially Bitcoin, which experienced a drop reflecting fears of lower liquidity in the system. The Fed's message remains clear: priority to controlling inflation over growth. These #PowellRemarks can continue to set the pace of the market in the short term, especially for crypto traders.