Crypto News Today: Jerome Powell Speech Sparks Market Uncertainty

Today’s crypto market is feeling the pressure as investors await a critical address from Fed Chair Jerome Powell. Scheduled for 11:30 AM ET, Powell will discuss economic prospects and inflation data, potentially influencing investor sentiment and Bitcoin prices today. The speech comes amid heightened volatility stemming from U.S. tariffs and soaring inflation concerns. With stagflation fears swirling, investors are keenly observing Powell’s tone as it might significantly alter market direction in anticipation of the upcoming FOMC meeting on May 6-7.