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Bitcoin Crashes Below $116K After Powell’s Hawkish Bombshell—Here’s Why Traders Are Panicking
Bitcoin Crashes Below $116K After Powell’s Hawkish Bombshell—Here’s Why Traders Are Panicking
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Fed Chair Jerome Powell just threw ice water on crypto markets—and Bitcoin took the hardest hit. The flagship cryptocurrency nosedived below $116,000 as Powell doubled down on inflation fears, leaving bulls scrambling.
Why the sell-off? Powell's rhetoric shifted from 'patient' to 'preemptive,' signaling aggressive rate hikes ahead. Risk assets—especially volatile ones like crypto—got hammered instantly.
Silver lining? Bitcoin's 30% correction from its 2025 peak might be the discount institutions needed. After all, Wall Street loves buying the dip—right before pumping it back up.
Final thought: When central bankers talk, markets listen. Even decentralized ones. Funny how that works.
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