Bitcoin and Crypto market see a great flexion on Friday, August 22, collided after the Federal Reserve Heavell chair in Jackson Hole in Jackson Heal. Powell proposed likely to travel in the US policy administration, cheating that tax rates were not cut shortly.
This expression caused the variation of risk assets and the Crypto market, with many very Cryptocurlocres that jumps to local high areas. Another Price for AnotherAneeum, for example, briefly run to the newly new time at about $ 4,888 on Friday.
Now, hope seems to be about the effect of the Federal Open Open Committee (FOMC) by September and its influence that can affect the Bitcoin and other risk assets.
September the cutting rate may be a thing made: expert
At the latest post on a platform for X, Jim Bianco’s research expert from the Powell’s speaking in Jackson Hole Friday. According to Pundit Online, the speech of the Sovi Chosen was open to several interpreters, especially as seen with various different views from there.
Bionco said that Powell did not explain what he planned to do next month, which made his Jackson Hole ‘test’ testing of the REARSchach test. “Similarly, Romschach test is a basic assessment that uses a strange promotion (usually) to issue an internal situation and person.
Bianco emphasized that the September CUT rate was approximately 80% at the beginning of the week. However, this account last week in a strong August Payroll and HOT August CPI (Consumer Price) Going over 3.1% of July. Both data is expected to be issued before the FOMC meeting in September 18 and is expected to decide whether the FED will cut the provisions of the service.
Following Powell’s speech at Jackson Hole and the end of Friday, the chances of a reduction in scale is returned to about 80% -assessiononantly returning to last week’s account. Finally, Bionco believes that the scale of the scale of September has never been converted and dependent on economic details at the beginning of September.
Source: @biancoresearch on X
Bianco holds:
Attending Miraprase Max in Princess Bride, Spring Spring, especially a deal, but that means that it is no such thing.
What does this mean for Bitcoin and the Crypto market?
Low interest rates generally perform hazardous goods, such as cryptocurrencies and attractive systems of investment, such as an elected ingredient in the goods imported (such as departmental financial). Historically, as Friday, Bitcoin and Crypto market often surgutions at any time the FED removes the provisions of the service.
Therefore, the September estimated by the US Federal Reserve may generally Bitcoin and CRYPTO, as investors may be urgent in these risk assets for higher profits. In this writing, every Cryplocurnyncyncyncyn market is very important for $ 4.07 trillion.
The price of Bitcoin on the daily timeframe | Source: BTCUSDT chart from TradingView
Picture entered from Stock, chart from trade transaction
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