Bitcoin Price Soars Following Highly Anticipated Data Release

The Federal Reserve is set to reveal its decision on interest rates and the 3-year interest rate projections of its members before the close of the US markets today. Furthermore, Fed Chairman Powell will assess the most recent data, including JOLTS, PCE, and the Unemployment Rate, which have been favorable for crypto investors. Moreover, inflation data has also been positive recently. If Powell emphasizes the optimistic aspects, it can be argued that the recent drop in cryptocurrencies has transformed into a buying opportunity. Stay up to date with the latest technology news by accessing NEWSLINKER.