#PowellRemarks

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

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

1_ A shift by investors towards stablecoins that represent stability and steadiness.

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

3_ A move by investors towards strong and backed currencies.

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