Powell’s Speech Ignites Crypto Momentum – But What’s Next?
NewbieToNode
Updated at: 5 hours ago
{"content":"Powell’s Speech Ignites Crypto Momentum – But What’s Next?
Jerome Powell’s recent remarks signaled a softer stance on future interest rate hikes, sending shockwaves through global markets.
Impact on Crypto:
• Bitcoin surged toward $117K, reclaiming dominance with strong institutional support.
• Ethereum broke past $4,700, setting a new all-time high and showcasing investor confidence.
• Altcoins saw renewed momentum as liquidity and risk appetite increased.
Why It Matters:
Lower interest rates often fuel capital inflows into high-growth assets like crypto. Institutions view this as a long-term accumulation phase, while retail traders remain cautious after recent volatility.
Key Question:
Is this rally the start of a sustained breakout, or just a reaction to macro signals?
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