#PowellRemarks

In the latest statements from Federal Reserve Chairman Jerome Powell, inflation remains high and the rate is far from the target, and 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 resorting to stablecoins that represent stability and security.

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

3_ Investors turning to strong and supported currencies.

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