Crypto ticks higher after Powell’s warning, but THIS favors Bitcoin
The cryptocurrency market posted modest gains on the 12th of January following comments from Federal Reserve Chair Jerome Powell about institutional independence, but the rally remains fragile and heavily tilted toward Bitcoin rather than alternative cryptocurrencies.
Total crypto market capitalization climbed back to $3.1 trillion, according to CoinMarketCap, though overall sentiment remained neutral with neither bulls nor bears in control.
Powell’s remarks trigger market movement
In a video statement, Powell addressed mounting pressure from the Trump administration on the Federal Reserve’s independence.
The Fed Chair revealed he has faced threats of “criminal indictment” related to his refusal to set interest rates…
