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Enough Already! The Crypto Market Has Become a Slave to Powell
Friend, is this how the market behaves? Inflation data is positive, there are no negative developments in the economic outlook, geopolitical risks are calm... But it all comes down to two words coming out of Fed Chair Powell's mouth.
The market is already in the red before it even starts talking! Will it lower the interest rate, raise it, or keep it the same? Uncertainty upon uncertainty... Investors' morale is shattered, there is no trust left.
In the crypto market, there is now only one rule in play: "Powell will speak → the market will drop."
Is this it? Is the whole market going to kneel like this with the words of a single person?
Enough is enough! We are tired and worn out from this uncertainty. It is unacceptable for the market to turn into a bloodbath just because of Powell's shadow, when there are so many things going well in the economy.
#Crypto BTC #ETH