Federal Reserve Statement

#PowellRemarks

Jerome Powell, Chairman of the U.S. Federal Reserve, indicated a potential change in monetary policy, which could impact financial markets, including the cryptocurrency market. Here are some key points ¹:

- *Change in Monetary Policy*: Powell indicated that the time has come for a change in monetary policy, which may mean a rate cut in September.

- *Impact on Cryptocurrencies*: This potential shift in monetary policy could have a positive effect on the cryptocurrency market, as a rate cut could lead to increased liquidity in the market and higher demand for riskier assets.

- *Rise in Cryptocurrency Prices*: Following Powell's remarks, Bitcoin surged to nearly $104,000, boosting optimism about further increases.