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📈 Bitcoin price surges following Jerome Powell’s speech

Bitcoin (BTC) reacted positively to the statements made by Fed Chair Jerome Powell, reaching $105K in the morning. After dropping to $101.5K on January 29 due to the Fed’s decision to keep interest rates at 4.25–4.5%, BTC started climbing again.

Powell highlighted that U.S. banks can work with crypto-related clients as long as they manage risks properly. This statement acted as a catalyst for investors, pushing BTC up 2.2% to $105.5K by January 30. 🚀

As a result, Bitcoin’s market dominance increased from 59.39% to 59.66%, with its total market cap rising to $3.69T. The 24-hour trading volume reached $152B. 📊🔥