The Bitcoin market is currently witnessing a notable decline and sharp fluctuations with the approaching statements from Jerome Powell, the Chairman of the U.S. Federal Reserve, scheduled for today.
These fluctuations come amid intense anticipation from investors regarding what Powell may announce about the future of monetary policy and interest rates, especially after the recent inflation data showed a slight slowdown.
It is expected that the content of his speech will directly impact the performance of financial markets, particularly high-risk assets such as cryptocurrencies. Any hints towards tightening monetary policy or delaying interest rate cuts could lead to additional selling pressure on Bitcoin.
📉 Currently, Bitcoin is trading below key support levels, amid concerns of further declines if Powell's statements are less optimistic than expected.
📌 Traders are advised to closely monitor the press conference, especially statements related to inflation, economic growth, and monetary policy trends in the second half of 2025.
