The market is focusing all attention on Jerome Powell's speech at today's FOMC meeting, although interest rates are almost certain to remain unchanged at 4.25% – 4.50%.

What is happening?

  • BTC is trading around $92,000 – $97,000

  • 99% chance the Fed will not raise interest rates

  • Donald Trump proposed a tax increase, raising concerns about a stagflation scenario (high inflation + slow growth)

  • Signals from Powell could be decisive:

  • If Powell is dovish: $BTC BTC could exceed $97,000

  • If he continues to be hawkish: BTC could retest the $92,000 area

  • Although Powell shows a tough stance, the Fed's actual actions indicate they are quietly preparing for policy easing (reducing the balance sheet, buying back bonds, slowing QT).

The cryptocurrency market will 'shake' after Powell's speech. Stay tuned!