🧓 What did Powell say now and why does it affect us?
Every time Jerome Powell opens his mouth, the entire market tenses up. His statements move interest rates, the dollar, stocks... and of course, the crypto world. Today was no exception. With his comments about the possible extension in the rate cut, Bitcoin showed a moderate reaction while altcoins experienced a setback.
This demonstrates how fragile (and interconnected) the crypto ecosystem is with the monetary policy of the United States. We are not isolated from the traditional world.
👉 Crypto is not an island, it is a ship in the same sea as everyone else.
