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

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

1_ Investors turning to stablecoins that represent stability and security.

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

3_ Investors turning to strong and supported currencies.

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