#PowellRemarks Every public appearance of Jerome Powell affects the markets almost instantly. His statements regarding inflation, interest rates, or economic forecasts are immediately reflected in the value of assets, including cryptocurrencies. Powell's remarks yesterday confirmed the Fed's tough stance: inflation is still above the desired level, meaning the rate may remain high longer than expected. This is a signal for the market: cheap money will not be available in the near future. $BTC and $ETH reacted with a decline — market participants are pricing in the risk of prolonged monetary policy. The ability to interpret such speeches is a skill that every crypto investor must possess. Ignoring Powell is like walking through a minefield with your eyes closed. #PowellRemarks