Degen

Yesterday, Fed Chair Jerome Powell reiterated the need for higher interest rates to fight inflation, causing a sharp sell-off in crypto. His hawkish tone signals tighter liquidity, making speculative assets like Bitcoin less appealing.

While Powell didn’t mention Bitcoin directly, his policies impact its performance as investors turn to safer, yield-bearing assets.

Is this the start of a deeper correction, or will Bitcoin recover soon?

Crypto enthusiast | Exploring decentralized tech and innovation.

Financial trader, web3 enthusiast and researcher. I am a graduate of petroleum engineering.