#PowellRemarks Federal Reserve Chair Jerome Powell’s June 18 press conference sent ripples through the crypto world. He cautioned against placing too much faith in rate forecasts—emphasizing that future moves will hinge on incoming data, particularly inflation—and warned that tariffs may drive consumer price increases under a still-tight monetary stance . As a result, Bitcoin and Ethereum are trading within a narrow range, hovering near key support levels ($104K–$105K for BTC; $2.4K for ETH), as the market braces for Powell’s tone rather than a firm rate cut . Traders are watching the dot-plot closely: any sign of delayed or fewer-than-expected cuts could keep crypto under pressure, while dovish hints might unlock a sharp breakout above $112K for BTC . In short: patience is key—crypto markets are in limbo until Powell’s next signal.