šØ Powell Eliminates Bitcoin! š„
šŗšø Fed Chairman Jerome Powell made statements that moved global markets:
1ļøā£ No Bitcoin as a reserve: The Fed ruled out adopting BTC as an official asset.
2ļøā£ Interest rate cuts? Only 2 times in 2025, frustrating expectations of 3 cuts.
3ļøā£ Persistent inflation: Powell said it could take up to 2 years to reach the 2% target, and there is a risk of another hike in 2025.
š Market impact:
Bitcoin reacted negatively, falling below critical risk aversion levels.
The S&P 500 and more traditional assets also experienced volatility.
The crypto market, which was expecting a more optimistic scenario with aggressive cuts, saw profit-taking from investors.
š Opportunity or warning sign?
As the Fed adopts a more cautious tone, the market could adjust its bets. Is Bitcoinās inflation hedge narrative under control?
š¬ And do you think this decline is just a scare or a new trend? š
#Bitcoin #Powell #Binance