💥Declaration of POWELL
Analysis #PowellRemarks
The Fed Chairman, Powell, stated that the quantitative tightening (QT) program initiated since 2022 may end soon.
This fuels hopes for monetary easing. The Fed's program to reduce liquidity from 9 trillion dollars to 6.6 trillion would be coming to an end in the coming months.
This tone acts as a bullish catalyst for the cryptocurrency market. Bitcoin (BTC) has regained key levels, and Ethereum (ETH) as well as other altcoins have recorded increases (+10% for ETH)
This is a signal of a major shift in liquidity in the market.
💰 This means there will be a potential increase in global liquidity. This could create a bullish movement in the market.
📈 Although the market remains volatile, Bitcoin (BTC) maintains a resistance and anticipates the influence of monetary policies.