🏛️ What Powell Said 🗣️
No change in policy — Powell emphasized that the Federal Reserve isn’t ready for interest rate cuts and remains cautious, prioritizing inflation control over stimulus .
The speech was primarily about bank regulation, with very little mention of monetary easing .
There’s growing political uncertainty: Trump’s public pressure on Powell has sparked resignation/firing rumors .
💥 Crypto Market Reaction
$BTC slipped under $117,000, with ETF outflows intensifying on caution ahead of and after the speech .
Altcoins like $ETH , $SOL ,#BNB moved lower or lacked momentum as liquidity remained tight .
Volatility picked up—markets are on alert for CPI data, housing, PMI reports, and second-quarter earnings .
🔍 Key Takeaways
Factor Impact on Crypto
No rate cuts Limits fresh liquidity → neutral to negative bias for BTC & altcoins
ETF outflows Reduces institutional buying → downward pressure on prices
Political noise Heightens market uncertainty → increased volatility risk
🎯 What Traders and Investors Should Watch
1. Next CPI and macro releases — any surprise could trigger a sharp move.
2. Powell’s next remarks or shifts — any dovish tone may quickly revive risk appetite.
3. ETF flows — renewed institutional interest would favor crypto rally.
4. Political developments — talk of firing/resignation could destabilize sentiments
✅ TL;DR
Powell paused any easing, maintaining a cautious posture. This “no fuel” outlook caused a dive in Bitcoin (<$117K), pressuring alts and upping volatility. The financial world is now on edge—waiting for the next economic trigger or policy signal to set the next trend.
