The following is the price movement of Crypto Assets after the last five speeches by Powell:
1. August 23, 2024 Speech: Market expectations suggest that Powell may hint at a rate cut. After the speech, Bitcoin briefly touched the $65,000 level but then retraced. In the early hours of August 28, Bitcoin fell below the $58,000 level, with an intraday decline of over 7%. Ethereum also temporarily fell below $2,400, reaching a low of $2,388, with an intraday decline of over 9%.
2. November 14, 2024 speech: Powell made a hawkish speech, emphasizing the determination to control inflation and not rus
View Original1. August 23, 2024 Speech: Market expectations suggest that Powell may hint at a rate cut. After the speech, Bitcoin briefly touched the $65,000 level but then retraced. In the early hours of August 28, Bitcoin fell below the $58,000 level, with an intraday decline of over 7%. Ethereum also temporarily fell below $2,400, reaching a low of $2,388, with an intraday decline of over 9%.
2. November 14, 2024 speech: Powell made a hawkish speech, emphasizing the determination to control inflation and not rus







