⚠️ Jerome Powell vs. $BTC ?

Jerome Powell said the Fed would not allow BTC purchases, to which the market responded with a sharp decline❌

#BTC hits $100,650. #ETH drops to $3,631

At its last meeting this year, the Fed delivered its third 0.25% cut for 2024, lowering the interest rate to 4.50%.

Jerome Powell Launches New Year's Selloff

🔺 Only 2 rate cuts in 2025 instead of 4.

🔺 Inflation will return to the 2% target only in 2027 (previously promised in 2026).

🔺 The Fed is prohibited from buying BTC on its balance according to US laws