According to a report on April 24 from Jinshi, the Federal Reserve Chairman, Mr. Hammack, declared that if economic data is clear, the Federal Reserve could take action in June. Although this is only market information and does not constitute investment advice, this statement may suggest future monetary policies of the United States.
Through this approach, cryptocurrency investors may need to monitor economic indicators such as unemployment rates, inflation, and GDP more closely to predict the Federal Reserve's movements. Uncertainty about monetary policy could cause significant price fluctuations in the cryptocurrency market.
Any decision from the Federal Reserve has the potential to significantly impact not only traditional financial markets but also the value of cryptocurrencies. Interest rate adjustments could change the overall investment the investment the Capital flowing into the cryptocurrency sector.
