Jerome Powell's speeches, as the Chair of the U.S. Federal Reserve, consistently have a significant impact on financial markets, including the crypto market. His statements provide insights into the Fed's monetary policy, particularly regarding interest rates, inflation, and the overall economic outlook, which are key drivers for risk assets like cryptocurrencies.

The Fed's recent decision to keep interest rates unchanged (in the range of 4.25% to 4.50%) has been a major point of discussion. While some analysts anticipated a rate cut, the Fed's pause signals that inflation may be stabilizing and tight monetary policy might not be as immediately necessary.

Stable interest rates can be seen as a bullish catalyst for Bitcoin and other cryptocurrencies, especially as investors might look for alternative stores of value in a less restrictive monetary environment. This can encourage capital flow into risk assets.$BTC #DYOR