Crypto Prices Volatile After Hawkish Jerome Powell Speech At FOMC
Fed Chair Jerome Powell’s comments post-FOMC have sparked significant volatility in crypto prices, despite the Federal Reserve keeping its target rate unchanged, in line with the market expectations.
Powell adopted a mildly hawkish and largely cautious stance in his speech, revealing that the stagflationary impact of Donald Trump’s tariff policy is starting to become visible and will become more apparent in the coming months.
The Bitcoin price momentarily fell below the $104k support post-FOMC, even as Trump showed a willingness to strike a deal with Iran to stop the conflict in the Middle East. BTC has since bounced back up to $104,800 at press time.
Despite Powell’s hawkishness, prominent analysts remain bullish…
