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Tonight, the financial world will focus on Fed Chair Powell's important speech. Powell will deliver remarks on the topic of "Economic Outlook and Framework Assessment" at 22:00 Beijing time. This speech, held in Jackson Hole, may release key monetary policy signals.
Ahead of the speech, the cryptocurrency market has already experienced some volatility. The price of Bitcoin has dropped by 0.74%, currently trading at $113,018. Ethereum has also not escaped unscathed, with its price falling to $2,284. Analysts point out that if Powell's remarks lean towards a hawkish stance, Bitcoin may face further downside risks.
It is worth noting that, in addition to Powell's speech, several Fed officials and the President of the European Central Bank will also express their views on the current economic situation this week. These high-level statements may have a significant impact on global financial markets, particularly on the cryptocurrency market, which is sensitive to changes in interest rates.
Investors and market participants should closely monitor these important speeches and be prepared to respond to potential market fluctuations. At this critical moment, it is particularly important to remain calm and rational, while also carefully assessing potential investment risks.