Key Highlights:
No policy change from the Fed.
They’re still watching inflation carefully before cutting rates.
Focus was on bank rules, not on helping markets with more money.
No hints about when they’ll ease up or give support.
Impact on Crypto:
No Rate Cuts = Less Money Flow
Crypto loves loose money. Since Powell didn’t mention any rate cuts, it’s not great news for BTC or altcoins in the short term.
Political Tension Creates Uncertainty
Trump hinted at replacing Powell if he wins. That makes investors nervous and cautious about risky assets like crypto.
BTC ETF Outflows
More money left Bitcoin ETFs today. Big investors are holding back, which could lead to short-term price drops.
Market Reaction:
BTC dropped below $117K
ETH, SOL, BNB showing weak moves
Altcoins like PENGU and OM only seeing short-term trades
✅ Summary:
Powell didn’t boost confidence. No bullish news yet.
Crypto stays in wait-and-see mode as global and political tensions build.
