🚨 Bitcoin Drops 5% After Powell’s Words

After impressive last few days, $BTC faced a sudden 5% dip, triggered by Federal Reserve Chair Jerome Powell’s latest remarks. 🏦

Powell made it clear that the FED cannot hold Bitcoin reserves under current laws, putting a damper on speculation about a U.S. Bitcoin treasury.

This shift in sentiment followed the Fed’s interest rate cut, a move many thought would support riskier assets like cryptocurrencies. Instead, Powell’s comments introduced doubt, reminding markets of the challenges ahead for Bitcoin’s integration into national strategies.

Despite this, Bitcoin has proven resilient over the years, thriving independently of institutional backing. Moreover, today's news don't mean the reserve will never materialize – they only suggest more hurdles and a longer timeline ahead.

PriceCorrectionOrDip? #Powell