In the latest statements by the Chairman of the Federal Reserve, Jerome Powell, he indicated that inflation is still high and the rate is far from the target, and that it is not yet time to reduce interest rates.

This statement led to a temporary reaction in the stock market as well as the cryptocurrency market, where the market witnessed:

1_ Investors resorting to stablecoins that represent stability and consistency.

2_ The cryptocurrency market experienced selling pressure that led to a decrease in the prices of some cryptocurrencies.

3_ Investors turning to strong and backed currencies.

There is great hope that the next meeting will have decisions that positively impact the cryptocurrency market and others.