In a few hours, the Bitcoin and financial community will be glued to their screens as Fed Chair Jerome Powell addresses the Jackson Hole symposium at 10:05 am EST. His remarks are anticipated to sway not just traditional markets like stocks and commodities, but also the volatile realms of Bitcoin and crypto.
The backdrop for Bitcoin and the broader crypto market is far from stable. The recent crash from last Thursday still lingers, casting a shadow of uncertainty. The Jackson Hole event, historically a catalyst for market movements, is poised to introduce fresh volatility. The direction of this volatility – bullish or bearish – hinges largely on Powell’s tone: hawkish or dovish.
What To Expect From Jerome Powell?
A year ago, Powell’s unexpected revision to his speech sent shockwaves through the financial ecosystem, causing stocks, Bitcoin, and other cryptocurrencies to plummet, exacerbating the global bear market. This has led many to wonder, “do we receive another hawkish su
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