🚨 SHOCKWAVE: Jerome Powell Rules Out U.S. Bitcoin Reserve, Markets TANK! 🚨

In a jaw-dropping announcement, Federal Reserve Chair Jerome Powell confirmed that the Fed will NOT hold Bitcoin or advocate for a U.S. Bitcoin reserve, sending shockwaves through the financial world. Bitcoin plummeted 5.7%, dragging the crypto market and stocks down with it.

Powell's Unyielding Stance:

“We’re not allowed to own Bitcoin,” Powell declared, citing the Federal Reserve Act, which restricts what the Fed can own. He left the decision to Congress, signaling no interest in pursuing a law change.

This comes amidst growing calls from pro-crypto lawmakers like Senator Cynthia Lummis and President-elect Donald Trump, who have advocated for the U.S. to establish a Bitcoin reserve to stay ahead in the global crypto race.

Market Meltdown:

Bitcoin: Fell to $100,300, down 5.7%.Ethereum: Dropped 6.8%.Binance Coin (BNB): Lost 4.6%.Solana (SOL): Crashed by 8.1%.Dogecoin (DOGE): Worst hit, nosediving 11% to $0.348.

The stock market wasn’t spared, with the S&P 500 closing down 1.55% and the Nasdaq 100 tumbling 2%.

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