Powell’s Testimony: Potential Impact on Bitcoin

Federal Reserve Chair Jerome Powell is set to testify before Congress on Tuesday and Wednesday, potentially influencing Bitcoin’s price. Powell’s remarks on monetary policy, inflation, and interest rates could have significant implications for the crypto market. Investors will be closely watching for any indications of future rate cuts or changes in the Fed’s stance on inflation, which could affect risk assets like Bitcoin. The testimony comes at a crucial time as the market grapples with recent volatility and regulatory developments.Read more on Decrypt