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#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 to change monetary policy, which could 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 increase market liquidity and boost demand for high-risk assets.

- *Rise in cryptocurrency prices*: Following Powell's remarks, Bitcoin surged to nearly $104,000, fueling optimism about further increases.