US Market Update: What Just Happened & What’s Next for Crypto?

Powell didn’t cut. But here’s what matters more...

The Fed held rates again — no surprise there.

But Powell’s tone? Mildly hawkish, but starting to crack under
pressure.

Why?

Labor market softening

Inflation cooling slowly

Risk of over-tightening rising

The market heard it:

Wall Street is now pricing in a September or November rate
cut
Bond yields dropped
Dollar weakened
Bitcoin spiked to $118.8K