#PowellRemarks : Cryptos Put to the Test of Monetary Policy đŠ**
The latest statements from Jerome Powell, Chairman of the Fed, paint a mixed picture for cryptos. Breakdown in 3 key points.
### đ **Key Announcements**
âą Maintaining high interest rates
âą "Data-dependent" approach for 2024
âą Caution on inflation despite recent decline
### đ **Crypto Impact**
â **Bitcoin**: -5% after the speech (retest of $60k)
â **Altcoins**: Amplified correction (ETH -8%)
â **Stablecoins**: Increase in volumes (flight to stability)
### đĄ **3 Possible Scenarios**
1ïžâŁ **Status quo**: No major blow if inflation continues to decline
2ïžâŁ **Unexpected rise**: New pressure on risky assets
3ïžâŁ **Surprise easing**: Crypto rally in case of pivot
**đŹ In your opinion:** Is the Fed the main obstacle to the massive adoption of cryptos? đ**