๐ฃ๏ธ Speaker: Jerome Powell, Chairman of the U.S. Federal Reserve
๐ Event: Capital Framework Conference, Washington D.C.
๐ง Key Outcome from Powellโs Speech? No change in policy. Fed will stay cautious, watching inflation before considering any rate cuts. Focused mostly on bank regulations, not monetary easing. No dovish tone, no mention of timeline for stimulus or easing.
๐งจ How This Impacts Crypto?
1. No Rate Cuts = No Fresh Liquidity: Crypto thrives when money is easy and flowing. Powell gave no signal of rate cuts โ less bullish for $BTC & altcoins short-term.
2. Uncertainty from Political Pressure: With Trump hinting at replacing Powell if elected, markets are on edge. This weakens investor confidence and creates hesitation in risk-on assets like crypto.
3. ETF Outflows Increase Pressure: $BTC ETFs showed net outflows today, reflecting cautious sentiment post-speech. Less institutional buying = possible dips ahead.
๐ฎ Market Reaction So Far
- BTC dropped below $117K
- ETH, SOL, and BNB showing weak momentum
- Altcoins like PENGU, OM are seeing scalping action, not strong trend
โ
TL;DR Powell played it safe. No bullish fuel yet. Crypto stays in wait-and-see mode. Volatility may rise as macro & political drama unfolds.#ETHBreaks3700 #TrumpBitcoinEmpire #StablecoinLaw #BinanceHODLerC #NFTMarketWatch 
