#PowellRemarks

In the latest statements by Federal Reserve Chairman Jerome Powell, he indicated that inflation remains high and is far from the target, and that the time to lower interest rates has not yet come.

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

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

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

3_ Investors turning to strong and supported currencies.

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