Yesterday, the Fed maintained interest rates, but Jerome Powell adopted a more hawkish tone, warning about inflationary pressures and renewing caution.
In the crypto world, however, the news that the Senate approved a bill to regulate stablecoins sent Coinbase shares up 16%, reflecting greater institutional interest.
Bitcoin remained above USD 104,000 despite this tone and some risk aversion. Altcoins had mixed performance: some rose slightly, others fell, reflecting investor uncertainty.
In summary: his speech generated nervousness, maintained the crypto-traditional correlation, and reinforced a cautious environment without abrupt crashes.
