According to AltcoinGordon on Twitter, Jerome Powell is scheduled to speak later today, with market participants closely watching for any indication of an interest rate cut as previously discussed by Gordon (source: @AltcoinGordon, June 2, 2025). A potential rate decrease could increase liquidity and risk appetite, historically resulting in upward momentum for major cryptocurrencies like Bitcoin and Ethereum due to lower borrowing costs and increased institutional participation. Traders should monitor Powell's statements for signals on monetary policy, as even minor shifts in tone can trigger significant volatility in crypto markets (source: Federal Reserve press releases, historical market response to FOMC decisions).

According to Crypto Rover, the Bank of England has reduced interest rates by 0.25% to 4.5%, which is considered bullish for Bitcoin. Lower interest rates can lead to a weaker pound, potentially increasing investor interest in Bitcoin as an alternative store of value.