⚠️ Fed Chair Powell stated they cannot hold Bitcoin by law. Markets responded with sharp declines.

This news definitely had a big impact on the markets. It's crucial to stay informed about regulatory changes in the crypto space.

It's important to note that the Federal Reserve Chair's statement regarding Bitcoin's legal status can significantly impact market dynamics. Traders and investors should stay informed about regulatory developments to make well-informed decisions.

Could this open doors for other cryptocurrencies to gain traction?