Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12837
Markets: 99741
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12837
Cryptocurrencies
60.66%
Bitcoin Share
BitcoinSistemi 2025-02-10 11:30:10

FED Chairman Jerome Powell Will Speak for Two Days in a Row! What Will It Affect Bitcoin (BTC)? Here Are the Expectations and What You Need to Know!

FED Chairman Jerome Powell Will Speak for Two Days in a Row! What Will It Affect Bitcoin (BTC)? Here Are the Expectations and What You Need to Know!

As Bitcoin and altcoins continue to struggle with declines, another critical week has begun, as Fed Chair Jerome Powell will present on six-month monetary policy to the House Financial Services Committee and the Senate Banking Committee on Tuesday, February 11 and Wednesday, February 12. Apart from Powell's critical statements, January CPI data will be released in the US on Wednesday, February 12, and PPI data will be released on Thursday, February 13. On that point, Fed Chair Powell will testify before the Senate Banking Committee at 10:00 AM EST on Tuesday and before the House Financial Services panel the following day. What Is Powell Expected to Say? As expectations rise that Fed Chair Jerome Powell’s speech could trigger a change of direction in Bitcoin, potentially sending it revisiting $100,000 and ending its six-day consolidation, it’s also interesting to see what Powell will say. Analysts predicted that the Bitcoin price is unlikely to reach $100,000 due to Powell's speech and many other reasons. Market analysts expect the Fed chairman to likely state that the economy is resilient, emphasizing the Fed's dual mandate of maintaining price stability and ensuring maximum employment. Powell is also expected to state that they will continue their data-driven approach to reducing inflation. At this point, analysts think that Powell's speech will not have a major impact on the price of BTC, apart from short-term volatility in Bitcoin. Speaking to Bloomberg, SGH Macro Advisors chief economist Tim Duy said Fed members agreed that interest rates would not be cut until the second half of 2025, but the outlook for interest rates could change quickly if January employment data comes in below expectations. Stating that weaker employment data will bring interest rate cuts back to the agenda, Duy said that this situation could bring an increase for risky assets such as Bitcoin. Will the FED Chairman's Statements Bring a Rise in Bitcoin? Bloomberg economists also explained what is needed for an increase in Bitcoin and cryptocurrency prices after Powell's statements. “Chairman Powell said the Fed would need to see real progress in inflation or some weakness in the labor market before it would consider cutting interest rates. “If Powell acknowledges progress in his testimony tomorrow and the day after, and hints at a rate cut before June 2025, then that could trigger risk-taking behavior and push Bitcoin prices even higher.” *This is not investment advice. Continue Reading: FED Chairman Jerome Powell Will Speak for Two Days in a Row! What Will It Affect Bitcoin (BTC)? Here Are the Expectations and What You Need to Know!

Most Read News



Cryptohopper
Market Cap
24h Vol
60.66%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.