Coin-Turk 12 minutes ago
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The upcoming statements of Jerome Powell, the President of the Federal Reserve, during his testimony before the Senate and House of Representatives on February 11-12, may trigger volatility in the Bitcoin 
$97,830 market. Powell’s commitment to fighting inflation and signals regarding interest rate policies could lead to fluctuations in cryptocurrency prices. While short-term reactions are inevitable, experts suggest that Bitcoin reaching the $100,000 level currently appears unlikely.
Key Messages on Powell’s Interest Rate Policy
Powell’s statements will focus on the general state of the economy, employment data, and price stability. He will emphasize the need for more data before shifting to a looser monetary policy aimed at combating inflation.
According to Bloomberg economists, Powell is unlikely to alter interest rate policies unless there is observable economic progress or significant weakness in the labor market. Th…
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