On the morning of April 19, 2025, the cryptocurrency market witnessed significant fluctuations following the speech of the Chairman of the Federal Reserve of the United States (Fed), Mr. Jerome Powell. His statements had a strong impact on investor sentiment and directly affected the price trends of digital assets.
🗣️ Highlights from Mr. Powell's speech:
Interest rates show no signs of cooling: Mr. Powell emphasized that the Fed has no plans to cut interest rates in the near term, due to persistent concerns about inflation and a complex macroeconomic context.
The market will experience more volatility: He predicted that financial markets, including the cryptocurrency market, will continue to face strong fluctuations due to global factors.
Potential adjustments to crypto management policies: He also hinted at the possibility of relaxing some regulations related to cryptocurrencies and the banking system – a move that could signal a new step in how the United States approaches the digital asset sector.
📉 Reaction of the cryptocurrency market:
Immediately following the speech, the crypto market showed clear reactions:
Bitcoin (BTC): Trading around $85,030, slightly up 0.52% in 24 hours.
Ethereum (ETH): Reached $1,603.25, up 1.55%.
BNB: Climbed to $593.02, up 0.77%.
Solana (SOL): Broke through to $138.02, up 3.03%.
TRON (TRX): Slightly dropped to $0.2415, down 1.63%.
The Fear & Greed Index is currently at 30 (Fear) – reflecting the prevailing anxiety in the market, as investors remain cautious ahead of potential fluctuations in the near future.
