Powell Sends a Hawkish Vibe Crypto Feels the Chill
The Fed held rates steady at 4.25–4.50%, but Jerome Powell’s tone was firm: inflation’s still sticky, tariffs are heating things up, and any rate cuts are off the table until much later .
For crypto, that means muted action—Bitcoin’s stuck above $104K, altcoins trading sideways, and investors treading carefully . Powell’s warning that tariffs could push up prices didn’t help risk appetite either .
Bottom line: steady policy, cautious markets. If Powell shifts dovish later, crypto could run. But for now, this is a “wait and watch” moment.
Curious how this plays out for BTC and ETH—what’s your take?
