📆 #EventOfTheDay — Jerome Powell's Speech

Today at 2:00 PM GMT, traders and investors around the world will be focused on the speech of Federal Reserve Chairman Jerome Powell. Market participants are looking for signals about the easing of monetary policy, which is expected following the positive FOMC minutes from August 21.

Almost everyone is certain that the issue is not whether the Fed will lower rates in September, but by how many basis points the rate will be reduced — 25 or 50.

The last time rates were lowered was in pre-COVID 2019, and that was when the #BTC bull run began 🔼

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📆 #EventOfTheDay — Fed Meeting

Today at 6:00 PM GMT, the U.S. Federal Reserve will announce the new interest rate.

🪙 At the moment, there is no general consensus on whether the rate will be cut by 50 or 25 basis points, but all market participants are confident that a rate cut will lead to an influx of liquidity and a rise in #BTC.

📌 Experts expect high volatility before and for some time after the meeting. It is important to note that Jerome Powell's press conference will also take place today, and his statements could impact the market situation.

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📆 Main #EventOfTheDay: CPI Data Release

The FOMC's September minutes, published yesterday, reduce the likelihood of an interest rate change in November. However, today at 12:30 PM GMT, the release of the CPI data is expected to show the inflation rate in the U.S. for September.

📉 Experts predict a 0.2% decline in the index, bringing it to 2.3%. Currently, the Fed's target is 2%, so these consumer price index figures may encourage Powell to announce a 50 basis point rate cut at the upcoming Fed meeting.

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📆 #EventOfTheDay: U.S. Elections

Tomorrow, November 5, one of the most significant events for the entire crypto market will take place: the U.S. presidential election. The publication of results is expected on November 6, and many experts agree that regardless of which candidate wins, #Bitcoin is likely to continue its growth.

📌 For instance, analysts at #SpotOnChain point out that historically, a bull market has often followed the election. In their view, regardless of whether Donald Trump or Kamala Harris wins, #BTC will set a new #ATH (all-time high) and reach $100,000 by the end of the year.

Meanwhile, betting platforms show improved odds for the Democratic candidate, with Harris’s chances rising to 44%, which may have contributed to recent market corrections.

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