Bitcoin's volatility increases because Powell confirms the expected higher inflation pressure

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Von Krypto News Österreich

Der Bitcoin-Preis hat in den letzten Minuten etwas Fahrt aufgenommen, und der Hauptgrund dafür scheint die Tatsache zu sein, dass Jerome Powell vor dem Kongress aussagt. Der Vorsitzende der US-Notenbank, Jerome Powell, sagt heute am zweiten Tag vor dem Kongress aus. In einer Bemerkung vor dem Ausschuss für Finanzdienstleistungen des Repräsentantenhauses räumte der Vorsitzende ein, dass der Inflationsdruck höher sei als zuvor angenommen. … der Inflationsdruck höher ist als zum Zeitpunkt unserer letzten FOMC-Sitzung erwartet. Er stellte jedoch auch fest, dass die Inflation aus breiterer Sicht im Vergleich zur Mitte des letzten Jahres etwas gedämpft sei, aber immer noch deutlich …
The Bitcoin Prize has taken up a little trip in the last few minutes, and the main reason for this seems to be the fact that Jerome Powell says before the congress. The chairman of the US Federal Reserve, Jerome Powell, says today on the second day before the congress. In a remark in front of the Committee on Financial Services of the House of Representatives, the chairman admitted that the pressure to inflate was higher than previously assumed. ... the inflation pressure is higher than expected at the time of our last FOMC session. However, he also found that from a broader point of view, inflation was a bit steamed compared to the middle of last year, but still clearly ... (Symbolbild/KNAT)

The Bitcoin Prize has taken up a bit in the last few minutes, and the main reason for this seems to be the fact that Jerome Powell says before the congress.

  • The chairman of the US Federal Reserve, Jerome Powell, says today on the second day before the congress.
  • In a remark in front of the Committee on Financial Services of the House of Representatives, the chairman admitted that the inflation pressure was higher than previously assumed.

... the inflation pressure is higher than expected at the time of our last FOMC session.

    However,
  • he also found that from a broader point of view, inflation was somewhat steamed compared to the middle of last year, but still remained well above its target of 2 %.
  • It is also worth mentioning that he did not say anything that he had not disclosed before, which may be the reason that the markets reacted somewhat positively at the time of writing this article.
  • The price of Bitcoin increased easily because the volatility increased as expected.

btcusd_2023-08_17-29-47 Tradingview.