🚨 Powell’s Hawkish FOMC Speech: What It Means for Crypto!
🧊 No Rate Cuts Yet!
In his latest FOMC address, Fed Chair Jerome Powell made it clear: interest rates are staying higher for longer. The Fed held rates steady but signaled only one potential cut this year, a sharp downgrade from previous expectations.
📉 Crypto Took a Hit
Bitcoin and Ethereum dipped following the announcement — BTC slid 1.4%, ETH dropped 2%. The hawkish tone spooked markets, reducing hopes for cheap liquidity anytime soon.
💸 Why This Matters for Crypto
Higher rates = less money chasing risk. That means altcoins and memecoins may struggle unless new catalysts emerge. With the Fed cautious about inflation, we could see more sideways action in the short term.
🔥 BUT... One Dovish Hint = Moon?
If the Fed pivots or inflation data weakens, the crypto market could bounce hard. Watch upcoming CPI, jobs data, and Powell’s next public comments.
📊 What’s Next?
🔍 Stay alert for Fed signals
🚀 Potential rally if a cut is hinted
🛑 Caution if hawkish stance continues
👉 TLDR: Powell’s tough talk = short-term pain. But every Fed word now carries moonshot potential.
#FOMC #Powell #Bitcoin #Ethereum #CryptoNews #BinanceSquare #InterestRates #MacroCrypto
