Analysis: Federal Reserve Chairman Powell's speech did not affect the trend of Bitcoin

ChainCatcher news, according to CoinDesk, Federal Reserve Chairman Powell stated today that he will not signal the timing of future policy actions, and that rising inflation is not the only risk facing the economy. Subsequently, the possibility of a rate cut in September has slightly increased. Powell's testimony did not have a significant impact on the price of Bitcoin (BTC), which experienced a brief rebound before quickly giving up its gains, currently slightly above $57,000, with a slight increase over the past 24 hours.