Bitcoin price Powell fell to 84 thousand dollars with his speech that ended at the time of preparing the article. The Fed prefers to wait to take action. In our last minute statements, even the balance sheet narrowing has not yet come to the end, saying that the signal seekers excitedly disappointed for QT. However, crypto money description was positive.
Powell Crypto Money Description
In today’s speech text, not to mention crypto currencies Powell During the event, he talked about them. As you know, with the Trump’s task, stay away from the crypto on the banks disappeared. In addition, while ending the war against the secretion crypto crypto reserve We saw that concrete steps have been taken for.
Powell made more moderate and even supportive statements for crypto currencies in accordance with the attitude change in the government.
Orum I think there will be relaxation in bank rules on crypto. Crypto becomes more common. A legal frame for stablecoins is a good idea. There will be loosening in stablecoin rules to allow innovations, but we will not make banks less secure.
Technological innovations do not replace human labor in the long run. Artificial intelligence is likely to bring a dramatic change. It’s hard to know how to result. “
In addition, Powell, who compared the economic appearance to the pre -2020, confirmed that “We have not experienced such a tariff rate before,” he confirmed that he had less ideas about what they would do.
Latest situation in crypto currencies
Chinese And the ongoing tension between the United States offers the concern in the risk markets. Of course this subcoins He put a much greater pressure on it. On the other hand, BTC remains relatively strong, while ETH and others are weakened, we witness that the domain domination is moving towards the previous bull season peaks.
This is positive in an aspect because BTCD For the rise area for today, the number of subcoins is quite high in today’s conditions, it is quite narrowed. This nurtures the expectation that we can see that the summit is soon determined and the transition to the hoped rise phase in subcoins.
When the article was prepared Fordif the tariffs can increase in May, dealers can increase vehicle prices, he said. This shows where we’re going for global inflation.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
