๐ Crypto Market Reacts to Jerome Powell's Speech โ July 22, 2025
Today, Federal Reserve Chair Jerome Powell delivered opening remarks at the "Integrated Review of the Capital Framework for Large Banks" conference. As anticipated, he refrained from commenting on monetary policy, maintaining the Fed's blackout period ahead of the July 29-30 policy meeting. Instead, Powell emphasized the Fed's openness to feedback and innovation in banking regulation, particularly regarding capital frameworks for large banks.
Despite Powell's neutral stance, the crypto market experienced volatility. Bitcoin dipped below $118,000, while Ethereum and other altcoins followed suit. However, Solana showed resilience, rising 5% to hit a five-month high above $200.
Investors are advised to stay informed and monitor upcoming economic events, including housing data, PMI figures and S&P 500 earnings, as they may influence market trends.
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