🚨 #Powell ’s Inflation Warning Sends Bitcoin Sliding
#Fed Chair Jerome Powell said Trump-era tariffs are just starting to fuel inflation—crushing hopes for a September rate cut.
📉 $BTC dipped from $117.5K to under $116K
🛑 Rate cut odds drop from 64% → 47%
📊 PCE inflation data (due tomorrow) now critical
Why it matters:
🔥 Sticky inflation = higher rates longer = pressure on crypto
⚠️ $117K is key BTC support — break below could test $112K
Markets just got a hawkish wake-up call.
