Fed Chairman Jerome Powell dropped some bombshells that sent shockwaves through global markets:
1ïžâŁ No Bitcoin as a Reserve: The Fed ruled out adopting Bitcoin ($BTC ) as an official reserve asset. The message is clearâcrypto wonât be in the Fedâs toolbox anytime soon.
2ïžâŁ Interest Rate Cuts? The Fed is signaling only 2 rate cuts in 2025, not the 3 cuts investors had been hoping for. This cautious approach dampened optimism for a quick economic boost.
3ïžâŁ Inflation Stubbornness: Powell warned that hitting the 2% inflation target could take up to 2 years and hinted at the risk of inflation rising again in 2025.
đ Market Reaction:
Bitcoin fell sharply, dropping below key support levels as risk aversion kicked in.
The S&P 500 and traditional assets also faced volatility as investors digested the news.
Many crypto investors took profits, spooked by the Fed's less aggressive stance on rate cuts.
đ Opportunity or Red Flag?
Powellâs cautious tone has forced the market to rethink its expectations. Is Bitcoinâs role as an inflation hedge now in doubt, or is this dip just another bump in the road?
đŹ Whatâs Your Take? Is this a temporary shake-up or the start of a new trend? Drop your thoughts below! đ
#Bitcoinâ #PowellAtJacksonHole #Bitcoin110KNext? #MarketPullback #BinanceAlphaTop5 
