#PowellRemarks
Federal Reserve Chair Jerome Powell's recent remarks have significantly impacted both traditional and cryptocurrency markets. On April 4, 2025, Powell stated that the Fed would not respond to market turmoil or economic uncertainty, particularly those arising from escalating trade wars, by cutting interest rates. He highlighted the risk of persistent inflation driven by new tariffs, emphasizing a cautious policy stance.
MarketWatch
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Sigmanomics
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CoinMarketCap
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Axios
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Crypto Briefing
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Despite President Trump's public demands for immediate rate reductions, Powell signaled that the Fed is poised to wait for clearer economic indicators before taking action. Financial markets reacted negatively to these comments, with the S&P 500 dropping 4.2%.
Axios
In contrast, the cryptocurrency market demonstrated resilience. Bitcoin (BTC) traded above $84,000 on Friday, showing strength despite significant declines in the stock market. This stability is notable given the broader financial market reactions.
FXStreet
As of April 5, 2025, Bitcoin's price stands at $83,184.00, reflecting a modest increase of 0.00534% from the previous close. Ethereum (ETH) is priced at $1,796.73, up 0.01264%. These figures suggest that, despite traditional market volatility, cryptocurrencies are maintaining stability.
Powell's emphasis on addressing inflation and maintaining a cautious approach to interest rates indicates a complex economic landscape. Market participants are closely monitoring these developments, as the interplay between monetary policy and market reactions continues to evolve.
CoinGape
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Axios
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BeInCrypto
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