Powell Takes the Stage Tonight, Crypto Market Faces Dual Tests of Policy and Geopolitics

At 10:30 PM tonight, Federal Reserve Chair Jerome Powell will deliver a speech. The market generally expects him to maintain a cautious stance and avoid signaling a rate cut clearly. Amid tense Middle East tensions and high U.S. inflation, the "no rate cut" expectation may be further reinforced, potentially boosting the U.S. dollar index and putting pressure on liquidity in the crypto market.

Mainstream assets like Bitcoin may face a correction risk, while altcoins lacking real-world applications could see increased volatility. However, geopolitical conflicts might also trigger some safe-haven demand. Overall, the combined impact of macro policies and geopolitical tensions is likely to cause short-term volatility in the blockchain market, and investors should remain cautious of risks.

Not sure when to buy in, Bamboo Leaf 😘
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