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Tom Tucker
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What a week! Jerome Powell's latest speech wasn't a sudden green light, but it was a crucial shift. For the first time, he hinted that the Fed is close to ending its "quantitative tightening," which has been a major headwind for crypto and other risk assets. The labor market is also cooling, giving the Fed more flexibility. This isn't an "instant pump" moment. It's about a change in pressure. When the bleed of liquidity stops, altcoins, DeFi, and other high-beta assets are likely to be the first to benefit. Bitcoin will stay strong, but the real momentum will build in these liquidity-sensitive sectors. The real test for the market is coming up fast with three key dates: * October 24: CPI (Consumer Price Index) report * October 28-29: FOMC meeting and Powell's press conference * October 31: Core PCE report If these inflation numbers come in low, today's speech could be seen as the start of an easing cycle. If they're high, the market might delay its reaction. In the mid-term, if QT officially ends and we get even one rate cut, we could see a powerful combination of factors boosting the crypto market. This includes ETF flows, momentum in networks like Ethereum and Solana, and a surge in on-chain liquidity. This could all happen just as new regulations like MiCA and more ETF approvals start to matter. Long-term, the main risk is inflation. But if it stays under control and the economy continues to slow, the Fed has room to ease without panicking. Historically, crypto performs best in this environment. Powell didn't turn bullish, but he's no longer fighting the market. I'm keeping my positions and watching those data releases closely. I'll get more aggressive only when the numbers confirm his new tone. #PowellRemarks | #altcoins | #BTC | #ETH | #XRP $BTC $ETH $XRP
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