๐Ÿ’ก Reason for the movement of cryptocurrencies ๐Ÿ“ˆ๐Ÿ”ฅ๐Ÿ”ฅ

๐Ÿ“ข Speech by the Federal Reserve Chairman ๐ŸŽฏ

โณ 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."

โžก๏ธ The Fed hints at the possibility of gradually easing monetary tightening, in line with demand developments.

๐Ÿ” These signals encourage optimism in the markets, as traders link any easing of tightening with a recovery in cryptocurrencies.

โœ… 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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PEPE
PEPE
0.0โ‚…335
+1.20%
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616.6
+0.47%