#JeromePowell opened its mouth and the crypto market went into fetal position
At Binance, traders turned on the flashlight of hope with a weak battery after the announcement that mixed monetary rigidity with a touch of "I’ll just observe the chaos from up here".
While the Fed acts as if it were the guardian of the temple of the economy, the crypto market resembles a rave in an abandoned warehouse: dark, noisy, and without any authority present.
Powell said he is assessing the risks. Translating from economese: he threw a stone into the lake, saw it make waves, and is now blaming the lake.
And what about #BTC70K✈️ ? Tried to keep composure but tripped over its own blocks. As for the memecoins... they continue to serve their purpose: being the joke that survives tragedies.
Binance, stay strong there. If Powell keeps this pace, it’s good to prepare a contingency plan involving a crypto bunker, three servers on Mars, and a good dose of memes.