đš Powell Eliminates Bitcoin! đ„
đșđž Fed Chairman Jerome Powell made statements that moved global markets:
1ïžâŁ No Bitcoin as a reserve: The Fed ruled out adopting BTC as an official asset.
2ïžâŁ Interest rate cuts? Only 2 times in 2025, frustrating expectations of 3 cuts.
3ïžâŁ Persistent inflation: Powell said it could take up to 2 years to reach the 2% target, and there is a risk of another hike in 2025.
đ Market impact:
Bitcoin reacted negatively, falling below critical risk aversion levels.
The S&P 500 and more traditional assets also experienced volatility.
The crypto market, which was expecting a more optimistic scenario with aggressive cuts, saw profit-taking from investors.
đ Opportunity or warning sign?
As the Fed adopts a more cautious tone, the market could adjust its bets. Is Bitcoinâs inflation hedge narrative under control?
đŹ And do you think this decline is just a scare or a new trend? đ#Bitcoin #Powell #Binance