Jerome Powell Made Unexpected Statement, Here’s How Crypto Reacts
The post Jerome Powell Made Unexpected Statement, Here’s How Crypto Reacts appeared on BitcoinEthereumNews.com. Arman Shirinyan Federal Reserve chair comments and statements very significant for cryptocurrency market Cover image via www.youtube.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Federal Reserve Chair Jerome Powell’s recent comments have stirred quite a discussion, not just on the traditional financial markets but also within the crypto ecosystem. In an unforeseen address, Powell suggested the potential for the central bank to pause its extended series of interest rate hikes, contingent on the continuation of recent progress on inflation. While his insights were primarily directed at long-term Treasury yields, the implications for the cryptocurrency market, including Bitcoin and other digital assets, are noteworthy. The sentiment on traditional financial markets often has a ripple effect on the crypto market. When traditional markets are expected to perform well or show stability, institutional investors are sometimes more inclined to diversify their portfolios and explore riskier assets, such as cryptocurrencies. Powell’s indication of a potential pause in interest rate hikes can be seen as a stabilizing factor for traditional markets. If these markets respond positively, we might witness an inflow of funds into the crypto sector as a diversification strategy. WSJ: Federal Reserve Chair Jerome Powell suggested the run-up in long-term Treasury yields could allow the central bank to suspend a historic run of interest-rate increases so long as recent progress on inflation continues. Powell’s remarks at a Thursday lunchtime address in…
The post Jerome Powell Made Unexpected Statement, Here’s How Crypto Reacts appeared on BitcoinEthereumNews.com.
Arman Shirinyan Federal Reserve chair comments and statements very significant for cryptocurrency market Cover image via www.youtube.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Federal Reserve Chair Jerome Powell’s recent comments have stirred quite a discussion, not just on the traditional financial markets but also within the crypto ecosystem. In an unforeseen address, Powell suggested the potential for the central bank to pause its extended series of interest rate hikes, contingent on the continuation of recent progress on inflation. While his insights were primarily directed at long-term Treasury yields, the implications for the cryptocurrency market, including Bitcoin and other digital assets, are noteworthy. The sentiment on traditional financial markets often has a ripple effect on the crypto market. When traditional markets are expected to perform well or show stability, institutional investors are sometimes more inclined to diversify their portfolios and explore riskier assets, such as cryptocurrencies. Powell’s indication of a potential pause in interest rate hikes can be seen as a stabilizing factor for traditional markets. If these markets respond positively, we might witness an inflow of funds into the crypto sector as a diversification strategy. WSJ: Federal Reserve Chair Jerome Powell suggested the run-up in long-term Treasury yields could allow the central bank to suspend a historic run of interest-rate increases so long as recent progress on inflation continues. Powell’s remarks at a Thursday lunchtime address in…
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