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Odaily Planet Daily News foreign exchange broker TickmillGroup said that Bitcoin and other cryptocurrency prices may rise, because Federal Reserve Chairman Powell's speech on Friday reduced the market's expectations for the Fed to raise interest rates again at the June meeting. Tickmill analyst Hart said in a note that Powell thinks tighter credit conditions mean the Fed doesn't need to raise rates as high as originally envisaged. Market expectations for a rate hike in June have fallen below 20% after Powell's speech, compared with a previous estimate of 40%. If the market expects the Fed to pause its interest rate hikes in June, it will help push up risk sentiment and boost Bitcoin and other crypto assets. (Golden Ten)

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