Crypto Market Rocked by Powell’s Speech: Bitcoin Volatility and DeFi Liquidations

Federal Reserve Chair Jerome Powell’s speech at the Economic Club of Chicago sent shockwaves through the U.S. financial markets, including cryptocurrencies like Bitcoin. His comments on rising tariffs, global market volatility, and a cautious approach to monetary policy contributed to increased investor anxiety and a decline in major stock indices such as the S&P 500, Nasdaq, and Dow Jones.