Bryan Lettecino (bryanlettecino)

❗FRB meeting on July 31, 2024 and Powell’s speech on interest rates, what will happen to Bitcoin 💵Fed Chairman Jerome Powell supports interest rate cuts before inflation falls to 2% 🏦The reasons for the July interest rate cut: Eurozone volatility, which may complicate the explanation for the September cut, as well as the Fed's desire to avoid cutting rates in the final two months of the presidential campaign. 🏆If Trump wins, he will lower interest rates in 2024

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❗️India supports the BRICS payment system, says the director of the institute 😃Ash Narain Roy, director of the Institute of Social Sciences of India, discussed India's position on the independent BRICS payment system in an interview with the Russian edition of TASS last week. Roy's professional background includes extensive research and analysis of global economic and political issues, including the dynamics of emerging economies. 🎯The Director expressed support for the initiative, but stressed the need for thorough discussions with all stakeholders before making any decisions. 💯The proposed system will use the digital currencies of the central banks of the BRICS countries, linked to national currencies, and will require coordinated legislative efforts to implement in international transactions.

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❓What the launch of ETH-ETF trading will entail: forecast ⬆️Ethereum started Tuesday with a slight decline. As of the time of writing the review, the cryptocurrency is trading at $3,433. Recall that the maximum cost of Ether was fixed on November 16, 2021 at the level of $ 4,891, which is almost 30% higher than current quotes. 💵Representatives of the crypto industry shared Ethereum forecasts. Many believe that the launch of spot ETH-ETF trading in the United States will provoke an active growth in the cryptocurrency exchange rate. For example, crypto investor @PetaByteCapital suggested that the event would help the Ether to update the absolute maximum. In his opinion, against the background of the launch of spot Ethereum-ETF trading in the United States, the cryptocurrency will be able to come close to $8,000 by the end of the year.

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