Powell Shakes the Market: BTC +3%, ETH +7%, Liquidations $200 Million
Fed Chair Jerome Powell stated that the Fed is abandoning the flexible inflation target system from 2020. Key points:
• Stable inflation expectations can no longer be taken for granted.
• The impact of tariffs on consumer prices has become clearly noticeable.
• A tight labor market does not always require policy tightening, but preemptive measures are possible when there is a threat to price stability.
💥 Market Reaction:
• BTC rose by more than 3%.
• ETH jumped by more than 7%.
$BTC • Liquidations in the crypto market over the last hour exceeded $200 million, including $180 million in short positions, and ETH liquidations amounted to over $110 million. (coinglass.com)
🚀 Events show how quickly the crypto market reacts to Fed statements and investor sentiment.
👉 Are you short or long on ETH after such movements?