Does Jerome Powell's statements affect the crypto market?

With every appearance of the Chairman of the US Federal Reserve, "Jerome Powell", we witness strong fluctuations in the financial markets – and crypto is no longer an exception.

His statements about interest rates or inflation often directly affect the movement of Bitcoin and Ethereum, due to the inverse relationship between risk and interest rates.

Every time he hints at a slowdown in interest rate hikes, we see a clear rise in the market.

In my opinion, following Jerome Powell has become a necessity for every crypto trader. The market is no longer separate from the macro economy.

Do you follow his words as we follow price movements? 🤔