Jerome Powell

The U.S. Federal Reserve cut interest rates, but mixed signals and a cautious outlook have left the crypto market uncertain, with Bitcoin and the total market cap declining.

The crypto market is cautiously awaiting the U.S. Federal Reserve’s interest rate decision and Chair Jerome Powell’s speech, with Bitcoin holding steady around $92,000.

Fed Chair Jerome Powell’s recent speech offered no clues on monetary policy, disappointing markets. By focusing on historical inflation, Powell may have sent a subtle message about economic humility and the Fed’s independence, leaving crypto investors to navigate the resulting uncertainty.

The first week of December could be volatile for the crypto market, with key U.S. macroeconomic data on the docket. Events like Fed Chair Jerome Powell’s speech, the PCE inflation report, and jobs data could significantly impact Bitcoin’s price.

Fed Chair Jerome Powell is set to deliver a key speech today, with markets anticipating a rate cut. We discuss the expectations, the impact of the Fed’s new policy, and the potential successor to Powell—developments that could affect the crypto market.

Bitcoin plunged 7% overnight, wiping out last week’s gains, as news from Japan triggered massive liquidations. The market now awaits a key speech by Fed Chair Jerome Powell.

Kevin Hassett, a key figure in Donald Trump’s pro-crypto administration and a proponent of lower interest rates, has emerged as the frontrunner to replace Jerome Powell as Federal Reserve Chair. The appointment comes amid signs of internal stress at the Fed and has significant implications for the crypto market.