Bitcoin $0.000016Ethereum 
$4,336.11 And crypto currency The rest of the market is watching calm on Friday morning. Investors President of the US Central Bank (FED) Jerome PowellJackson Hole is waiting for today. The tone of the speech is expected to determine the direction in the markets. Market participants are waiting for a ton of “hawk”. According to CME Group’s Fedwatch vehicle, the probability of an interest rate reduction of 25 basis points in September is 74.4 percent. CryptoappsyAccording to the price data provided by Bitcoin With a decrease of 0.78 percent in the last 24 hours, $ 112,868, Ethereum is traded for $ 4.284 with a decrease of 0.42 percent.
When will the Fed President Jerome Powell talk? What are the expectations?
Kronos Research CIO Vincent LiuThe general expectation of Powell for his speech at 17.00 today due to the latest macro data is a hawk, and the pigeon could trigger the rise of a surprise. Şahin added that ton can deepen the latest sales in crypto currencies and global markets. According to Liu, if Powell avoids giving clues in his speech, market participants will tend to seek a net signal and such a situation may extend the consolidation process in the markets.
Powell said before the Fed interest rate decision in September would be made depending on macro data. Despite the pressure of President Donald Trump to reduce debt costs CNBCAccording to the minutes of the July meeting minutes, some FOMC Members pointed out the adhesive inflation and said that there may be no need for a reduction in September.
Currently the data front is quite complicated. July CPI came lower than expected and the weekly unemployment salary applications have risen slightly. On the other hand, July PPI data exceeded expectations. Moreover, FED members of the customs tariffs brought by Trump inflationu continues to expect.
“If Powell Falses False, the decline in Bitcoin can reach 30 percent”
BTC Markets Analyst Rachael LucasHe warned that if Powell spoke in a tone of hawk, the escape from the risk will be activated and that the correction in Bitcoin may extend up to 30 percent in such a table. But the current withdrawal of Bitcoin’s four -year Block Prize Cycle He underlined that he was sitting on a curve that can be considered natural.
According to Lucas, it is normal to recover with the softening of prices in September after the block award halfway and the tightening of supply dynamics during the November -December period. This reading says short -term price movements, as well as long -term cyclical appearance should be handled together.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
