Red alert on the markets! Bitcoin, Ethereum, BNB... everyone is taking a hit, and this time, it's (again) Jerome Powell, the boss of the Fed, who is coming to spoil the atmosphere. Between his statements against a crypto-central bank and his defense of the "digital dollar", cryptos haven't had a minute's respite. Here's the analysis... in relaxation mode. 📉
1. Powell Knocks Out Cryptos With His Statements
🎩 Jerome Powell, aka "The Bullrun Breaker", decided not to mince his words this week:
"There will be no cryptocurrency Federal Reserve in the United States."
“Cryptos? Too unstable, too risky for the financial system.”
💀 Translation: No crypto-dollar, no central bank based on Bitcoin or Ethereum. For Powell, cryptos are just a gadget too volatile for the serious American system.
2. Why does it sting so much?
Powell delivered his speech like a boss, emphasizing three points:
1. Crypto is not serious enough: No clear legal framework, dubious projects... He prefers to play the safety card.
2. The digital dollar is coming: A digitized version of the good old greenback, controlled by the Fed. And Powell is rubbing his hands.
3. Cryptocurrencies are "a danger" to stability: If everyone used cryptocurrencies, it could, according to him, trigger financial crises.
🔥 Immediate impact: Markets freaked out like never before. Institutional investors started selling, and small investors followed in panic.
3. Cryptos are falling... and not just a little!
Look at the damage:
Bitcoin (BTC): -7.14%. The king has fallen below 95,000 USDC. Looks like a technical KO.
Ethereum (ETH): -12.44%. The second largest crypto in free fall mode.
BNB: -8.11%. Even Binance Coin is not immune to the storm.
PEPE: -18.91%. Memecoins are taking the beating of their lives.
💔 Why this massacre?
1. 🧠 Powell's words = general panic.
2. 🏦 Institutions are withdrawing their money from cryptos.
3. 💸 Massive profit taking: Everyone sells to avoid losing more.
4. And now, what do we do?
🚨 Don't panic. Here are some moves to survive this storm:
Hodl like a boss: Bitcoin, Ethereum, BNB… These are solid projects. Yes, they fall, but they always rise again.
Bet on stablecoins: If you're too freaked out, put some of it in USDT or BUSD to take a breather.
Play the long game: Crypto isn’t a sprint, it’s a marathon. Real gains are made by thinking about the future.
5. The next step for cryptos
OK, Powell has slammed the door on crypto in the US, but all is not lost:
The Digital Dollar (CBDC) is Coming: Yes, It’s Centralized, But It Could Educate People About Digital Currencies…and Pave the Way for Crypto.
The rest of the world is moving: While the Fed is complaining, other countries are moving forward. El Salvador loves Bitcoin, Europe is preparing its crypto framework… In short, the revolution continues.
Conclusion
💥 Yes, Powell hit hard this week. But let’s be honest: this isn’t the first time crypto has taken a beating… and they’re still here. The road is long, but those who stay calm and strategic will reap the rewards.
💬 And you? What are you doing right now? Are you buying, selling, or waiting for the storm to pass? Tell us everything in the comments!
🚀 Stay strong, Binance Family. The moon is not for now, but we will get there! 🌕