How does Fed Chair Jerome Powell's speech today affect the value of digital currencies?

What impact does the speech of Fed Chair Jerome Powell have on the value of digital currencies?

1 answers
- As an expert in the digital currency market, I can say that Fed Chair Jerome Powell's speech today can have a significant impact on the value of digital currencies. Powell's words carry weight and can influence market sentiment. If his speech suggests a positive outlook on the economy and a supportive stance towards digital currencies, it could lead to an increase in their value. However, if Powell's speech indicates concerns about inflation or a more restrictive approach, it may result in a decrease in digital currency prices. Traders and investors should closely monitor Powell's speech and consider its potential implications for the digital currency market.
Mar 06, 2022 · 3 years ago
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