$BTC $USDC
Jerome Powell's speech, the Chairman of the U.S. Federal Reserve, always has a significant impact on financial markets, especially the cryptocurrency markets. When he talks about lowering or raising interest rates, expectations begin to shift immediately, as interest rates are one of the most important tools of monetary policy that affect liquidity and the cost of borrowing. Powell's recent statements opened the door to the possibility of an interest rate cut in the near future, which positively reflected on the prices of Bitcoin and cryptocurrencies in general. This type of speech enhances volatility in the markets and provides investors with important signals about the direction of the U.S. economy, thus requiring close monitoring and continuous analysis of any changes in the tone of the Federal Reserve.