Bitcoin (BTC) and Altcoins Today Focus on FED Chairman Jerome Powell! What Time Will He Speak! Here Are All the Things You Need to Know!

Bitcoin (BTC) and the cryptocurrency market has experienced a decline recently with the re-emergence of US President Donald Trump's suspended US tariffs.

In the last week, BTC has experienced a 5.2% drop, seeing levels below 104,000 dollars, but with a slight recovery, it has risen back just above 104,000 dollars.

Despite this decline, the expectation of an increase in Bitcoin and altcoins continues, while today's agenda in the cryptocurrency sector includes the speech of Jerome Powell, the Chairman of the ( FED).

In the speech that Jerome Powell will give at the 75th Anniversary Conference of the Federal Reserve's International Finance Division at 20:00 TRT, signals regarding the ongoing uncertainties in the global economy and the impact of tariffs on the US will be sought.

Because of the uncertainty created by U.S. President Donald Trump's decision to increase steel tariffs and allegations that he violated the agreement with China, global markets started the new week with a negative trend.

In addition to this, comments that Powell may make regarding developments on tariffs and the policies of the U.S. administration will also be closely monitored.

Powell is expected to address many topics, including monetary policy, and it is also anticipated that he will touch upon the resignation claims. However, for now, the likelihood of Powell announcing his resignation continues to be low.

As is known, Donald Trump has long wanted FED Chairman Powell to resign and is expecting him to do so. The fact that the FED under Powell has not lowered interest rates is causing Trump to demand Powell's resignation.

*Not investment advice.

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