Tonight at 20:30, Fed Chair Powell will deliver an important speech, which may have a profound impact on the Crypto Assets market.

The current situation is complex: the U.S. government faces the risk of a shutdown, while market expectations for a rate cut in October are soaring, with a probability as high as 96.2%. Every word from Powell could trigger significant market volatility.

If Powell releases dovish signals, such as mentioning a slowdown in economic growth or increased employment pressures, this will be interpreted as a precursor to interest rate cuts. In this case, high-risk assets may benefit, and Crypto Assets like Bitcoin and Ethereum are expected to see a surge.

On the contrary, if Powell adopts a hawkish stance, emphasizing economic resilience or persistent inflation, the market may worry about the failure of rate cut expectations, leading to tightened liquidity. This could result in a sell-off of Crypto Assets, triggering a short-term pullback.

In addition, Powell's attitude towards Crypto Assets regulation is also worthy of attention. If he mentions easing regulation or acknowledges the legitimate status of crypto banks, it will greatly boost market confidence. Conversely, if he implies strengthening regulation or restricting the flow of funds into the crypto space, it may trigger market panic.

This speech is not only related to short-term price trends but may also influence the medium to long-term development direction of the Crypto Assets market. Investors should closely monitor Powell's wording and tone to prepare for potential market fluctuations. Regardless of the outcome, this will be an important moment for the Crypto Assets market.