🏛️ Watch Out for the Dollar! Fed Speech and Its Effect on BTC 🚨
Today, the market's attention is focused on the comments from the members of the U.S. Federal Reserve (Fed), as there are no key hard economic data scheduled.
Any signal regarding the proximity of rate cuts or concerns about inflation could weaken the dollar (DXY). A weaker dollar is usually a bullish sign for Bitcoin and other risk assets, as capital flows in search of higher returns.
Cryptocurrencies have shown resilience ($BTC remains close to $92,000), but an unexpected hawkish tone from the Fed could trigger corrections. Keep an eye on Wall Street time!
