#PowellRemarks
Jerome Powell’s recent remarks continue to impact global markets, including crypto. When the Fed Chair talks about inflation, interest rates, or economic stability, Bitcoin and altcoins often respond with volatility. Yesterday’s speech suggested a cautious approach to rate cuts, signaling that the Fed is waiting for more consistent inflation data. This could mean a slower recovery for risk assets, including crypto. However, Powell also acknowledged that tightening too much could harm growth. Traders are now watching closely for signs of dovish pivot. I think the crypto market may consolidate until there's clearer direction from the Fed, especially with elections also around the corner.
