Viewpoint: Tonight's Powell Speech Expected to Cause a 2% Price Swing for Bitcoin

Bitcoin to form support between $30,000 to $35,000

Banking "Unleashing" Alongside Interest Rate Cuts Will Channel Liquidity into Crypto; However, DAT Leveraged Chains Are More Fragile

Bitcoin is the most sensitive indicator of U.S. dollar liquidity conditions.

Federal Reserve Chairman Powell is facing a serious policy dilemma: under immense government debt and political pressure, the Fed has had to abandon its independence and anti-inflation stance. Instead, it has resorted to measures like quantitative easing to finance the government, creating a situation of "fiscal dominance" similar to the Volcker era of the 1970s. This foreshadows the Fed's need to reinitiate loose monetary policy, which could potentially drive up the prices of assets like Bitcoin.