Jerome Powell’s Policy Statements Could Impact Crypto Markets | Flash News Detail
On April 16, 2025, Federal Reserve Chairman Jerome Powell made a significant statement that the effects of current monetary policy might steer the Fed away from its established goals, causing immediate ripples across financial markets, including the cryptocurrency sector. According to Crypto Rover’s X post at 10:45 AM EST, this announcement led to a sharp decline in Bitcoin’s price by 3.2%, dropping from $72,500 to $70,150 within the first hour post-announcement. Ethereum followed suit, experiencing a 2.8% drop from $3,850 to $3,740. The trading volume for Bitcoin surged by 45% to 28.3 billion dollars, indicating heightened market activity and volatility, as reported by CoinMarketCap at 11:00 AM EST. This…
