Bitcoin (BTC) and the cryptocurrency market have experienced a decline in recent days, as U.S. customs duties, previously canceled by President Donald Trump, have become a relevant issue again.
Having fallen by 5.2% over the past week, BTC dropped below $104,000 but showed a slight recovery to rise just above $104,000 again.
Despite this decline, the expectation for the growth of Bitcoin and altcoins remains, and today's cryptocurrency sector agenda includes a speech by U.S. Federal Reserve Chairman Jerome Powell.
Jerome Powell, who will speak at the 75th anniversary conference of the International Finance Division of the Federal Reserve at 8:00 PM Turkish time, will be looking for signals regarding the ongoing uncertainty in the global economy and the impact of tariffs on the United States.
Global markets have started the new week on a negative note amid the uncertainty created by President Donald Trump's decision to raise steel tariffs and his accusations against China of violating the agreement.
In addition, potential comments from Powell regarding developments related to tariffs and U.S. administration policy will be closely monitored during the speech.
Powell is expected to address many issues, including monetary policy, and to make statements about resigning. However, at this time, Powell's resignation announcement remains unlikely.
As is known, Donald Trump does not want Federal Reserve Chairman Powell to remain in office for a long time and expects him to resign. Because the Fed's inability to lower interest rates under Powell's chairmanship prompts Trump to demand Powell's resignation.
$XRP , $BNB , $TRX
#MarketPullback
