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Gate Square New & Returning Creator Rewards are ongoing!
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Global support for Fed Chair Powell: Turning into an unprecedented event
The worldwide backing for Federal Reserve (Fed) Chair Powell signals one of the most significant periods in financial markets. With this support coming from all over the world, a rare consensus among policymakers has been achieved.
From a cryptocurrency market perspective, the direction of Fed policies and international consensus directly influence the price movements of Bitcoin, Ethereum, and other digital assets. Powell's broad global support may serve as a signal that coordination among central banks is strengthening.
Such episodic developments indicate that macroeconomic dynamics are changing and that financial markets are entering a new phase.