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Powell Speech Today Triggers Crypto Market Downtrend: What Next?
Powell Speech Today Triggers Crypto Market Downtrend: What Next?
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BTCCSquare news:
Federal Reserve Chair Jerome Powell's remarks at the Greater Providence Chamber of Commerce sent ripples through the cryptocurrency market, with inflation and labor market shifts cited as key concerns. The speech underscored macroeconomic uncertainties that continue to weigh on digital asset valuations.
Market reaction was immediate, with broad-based declines across major cryptocurrencies. While Powell avoided direct commentary on crypto assets, his emphasis on persistent inflation and cautious monetary policy reinforced risk-off sentiment among traders.
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