Key Takeaways

What did Powell say that impacted the crypto market?

Fed chair Jerome Powell adopted a cautious ‘wait and see’ approach that briefly spooked markets. 

How did analysts react to Powell’s stance? 

Experts remained bullish in the mid-term, despite uncertainty in the near term. 

Bitcoin [BTC] slipped to $111K after Fed’s chair Jerome Powell speech, but jumped above $112K as of the time of writing. The rest of the market posted mixed results. 

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