Fed Chairman Powell, responding to a question about reserves in Bitcoin: "We are prohibited from owning Bitcoin, and we do not seek to change this legislation."
I explain the negativity: many crypto enthusiasts are currently hoping for the start of a "race of nations" — that countries will begin to acquire BTC similar to a gold reserve.
And of course, the USA should be at the forefront of this. First of all, it was all fueled by a bunch of statements from Trump.
Now, regulators are slightly cooling the overheated expectations. Such things do not happen quickly — and crypto enthusiasts want it "here and now". Like small children, even though they trade in billions.
The market has cried.