In the latest statements from Federal Reserve Chairman Jerome Powell, he indicated that inflation remains high and is far from the target, and that the time for a rate cut has not yet come. 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 decline in the prices of some digital currencies.

3_ Investors turning to strong and supported currencies.

There is great hope that the next meeting will have decisions with a positive impact on the cryptocurrency market and others.