Bitcoin is going to live an “earthquake”
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Tomorrow the speech of Jerome Powell, president of the Fed is expected.
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In this way, extreme volatility triggers the settlements so it must be acted with prudence
Bitcoin (BTC) prepares to live an intense calendar of macroeconomic news that could shake their price in the next few hours.
The first of these events will be tomorrow, July 30, when the United States Federal Reserve (FED) holds the meeting of the Federal Open Market Committee (FOMC), in which The monetary policy of the main financial power will be decided worldwide.
Although the market already gives no reason that there will not be a cut in interest rates, the focus is on the speech that Jerome Powell, president of the Fed, will give after the meeting. His words could offer signs about the course of monetary policy in the short and medium term.
In case Powell anticipates a cut for September, That will directly impact the price of bitcoin and cryptocurrencies. This is because when interest rates are low, the cost of indebtedness also decreases and, therefore, the appetite is awakened for risk.
However, if a hardening of these policies occurs, it could generate a bearish pressure for BTC. In both scenarios, there is expected that there is volatility in the market.
But the agenda does not end there. As Cryptonoticia reported, on Wednesday a key report of the Presidential Council of Advisors on Digital Assets, which could have a strong impact on the market will be published.
The document, written in compliance with an executive order signed by Donald Trump in January 2025, will delineate what are the United States plans for the acquisition of BTC and the formation of a strategic reserve of digital assets.
The measure, which leaves regulations imposed by the administration of Joe Biden in 2022, establishes the prohibition of issuing digital currencies of Central Bank (CBDC) and supports free access to public networks based on cryptocurrencies.
Meanwhile, the price of the currency created by Satoshi Nakamoto Continue lateralizing in the $ 118,000 area, 3.5% below its historical maximum (ATH) of $ 123,000, as seen in the following tradingview chart:
To all this, it is worth clarifying that the United States and China resumed meetings in Stockholm, Sweden, to reduce bilateral tensions by tariffs. If the main worldwide financial powers achieve an agreement, it will be great news for BTC and cryptocurrencies. Otherwise, the market could experience a deep price correction.
In days so loaded with uncertainty, extreme volatility usually shoots settlements. For that reason, it is recommended to operate cautiously.
