Bitcoin (BTC) and cryptocurrency markets have been declining in recent days as US tariffs, which were suspended by US President Donald Trump, are once again becoming a current issue.
Last week, BTC fell 5.2%, below $104,000, but recovered slightly, once again just over $104,000.
Despite this decline, expectations for an increase in Bitcoin and altcoin continue, with today’s cryptocurrency sector agenda including a speech given by US Federal Reserve Chairman Jerome Powell.
Speaking at the 75th Anniversary Conference of the Fed’s International Finance Division during the Turkish period, Jerome Powell calls for signals on the ongoing uncertainty in the global economy and the impact of tariffs on the US.
The global market has launched a new week with a negative memo amid the uncertainty created by President Donald Trump’s decision to increase steel tariffs and his decision to determine his accusation that it violated the agreement.
Additionally, Powell’s potential comments on tariffs and developments on the policies of the US administration will also be closely monitored during his speech.
Powell is expected to touch on many issues, including monetary policy, and will also address the resignation request. However, for now, the announcement of Powell’s resignation remains low.
As is known, Donald Trump has long been unwilling to feeding chair Powell, and hopes he will resign. This is because Trump demands Powell’s resignation as the Fed failed to cut interest rates under Powell’s chairman.
*This is not investment advice.
