The Federal Reserve is expected to announce a 25-basis-point rate cut, bringing rates down to a range of 4.5%-4.7%. However, since the market has already anticipated this move, it might not cause significant changes alone.
The cryptocurrency community is closely watching Fed Chair Jerome Powell's comments, as his insights on President-elect Trump's economic plans could influence market dynamics.
Bitcoin's recent rally faces potential jeopardy due to inflation concerns, highlighting the importance of Powell's remarks in the current economic landscape.
