Powell’s Latest Statement Could Decide Crypto's Next Move
U.S. Fed Chair Jerome Powell just testified before Congress:
> "We are not ready to cut interest rates until inflation comes down sustainably."
He emphasized strict control over inflation
Also repeated the need for strong regulations in the crypto industry
🚨 Why This Matters:
📉 No rate cuts = Less liquidity = Slower crypto growth
📈 But once inflation cools, a rate cut could spark a strong crypto rally
Also, regulation talk may cause short-term fear,
but in the long run, it could bring trust and stability to the market.
🧭 Keep an eye on upcoming inflation data & Fed meetings.
They'll decide the next big move for $BTC and altcoins.