The cryptocurrency market reminds us of its volatility again! 🎢 This week, capitalization fell by $300 billion, and Bitcoin fell from $108K to $92K. The reason was the statements of the head of the Federal Reserve, Jerome Powell, about the possible slowdown in rate cuts due to rising inflation.

Interestingly, Powell also mentioned that the Fed cannot hold Bitcoin as a reserve asset. Investors did not like this, and the market responded with a sell-off. Interesting weeks ahead! 📉