๐ก Reason for the movement of cryptocurrencies ๐๐ฅ๐ฅ
๐ข Speech by the Federal Reserve Chairman ๐ฏ
โณ Jerome Powell Live
Powell said: "Recent data shows a slowdown in the labor market and a rise in some financial pressures, necessitating caution in monetary policy."
โก๏ธ The Fed hints at the possibility of gradually easing monetary tightening, in line with demand developments.
๐ These signals encourage optimism in the markets, as traders link any easing of tightening with a recovery in cryptocurrencies.
โ In summary: A mere hint from the Fed of a change in approach gives a strong boost to Bitcoin and other currencies.
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