Why Powell's Dovish Speech Couldn't Support Cryptocurrency Prices? Deep Reflections Behind Bitcoin's 'Stubborn Decline'
Bitcoin's price briefly rose after Powell's dovish speech, but then experienced a significant drop, falling below $111,000.
Market analysis suggests that the sharp decline may be related to large whales selling off or massive forced liquidations, highlighting the low liquidity in the Bitcoin market and its susceptibility to manipulation by individual large players. Despite an optimistic macro environment, Bitcoin's price still shows irrational volatility, failing to maintain a positive influence from monetary policy.
At the same time, the altcoin market generally followed the decline, with some institutional investors facing substantial losses. Although Powell's speech was interpreted as a signal for monetary policy easing, there are discrepancies in the market's interpretation of its specific impact, with differences between expectations and actual situations exacerbating price fluctuations.
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This question has recently been hotly debated in the circle. Some confidently say 'it must reach', while others scoff, 'stop dreaming.' So let's break it down—can Bitcoin really surge to $300,000? The answer might not be that simple, but the story behind it is more fascinating than the price itself. To conclude: Most people think it's difficult; $150,000 to $200,000 is a more realistic peak; $300,000 is not impossible, but it requires favorable timing, location, and people, especially continuous policy and capital support. The bull market signal is full, but don't rush to bet. From the current trend, Bitcoin has indeed 'exploded'. From the end of last year to the beginning of this year, the price once broke through $120,000, surpassing the critical resistance zone of $100,000 to $112,000, with market sentiment reaching unprecedented heights. Several hard-core drivers are behind this.
Will there still be an altcoin season in the 2025 Bitcoin bull market?
Why hasn't this round of Bitcoin bull market in 2025 triggered the altcoin season? Have you noticed that this wave of Bitcoin reaching new highs seems a bit 'cold'? In the past, every time Bitcoin $BTC soared, the entire cryptocurrency circle was like celebrating the New Year, with messages flooding the group, and everyone's circle of friends filled with screenshots of 'doubling wealth', various altcoins taking turns to surge, and air coins could rise tenfold or a hundredfold—this is the 'altcoin season' everyone yearned for. But in this round of bull market in 2025, while Bitcoin indeed broke previous highs and even once surged above $120,000, when you look back, most altcoins seem to be asleep, lying on the ground without moving.