Federal Reserve Chair Jerome Powell’s recent speech sparked new discussions about cryptocurrency, with Bitcoin’s value dipping after his comments on monetary policy. While Powell’s address revealed a cautious stance on quantitative tightening and highlighted continued efforts to reduce the balance sheet, his unexpected optimistic outlook on cryptocurrencies drew significant attention. Here’s what you need to know: Powell touched upon the evolving landscape of cryptocurrency during his speech, noting increasing adoption by banks following Trump administration policy shifts. He also expressed support for a stablecoin framework, hinting at potential regulatory changes that could benefit the industry while ensuring bank safety. His comments on technological advancements, including AI’s future role in human work, offered further insights into the evolving economic outlook. Meanwhile, concerns over escalating geopolitical tensions between China and the US continue to impact altcoins, specifically Ethereum and other cryptocurrencies. While Bitcoin maintains its position as a leading digital currency, market volatility suggests a potential shift toward altcoin dominance in the near future. This scenario is viewed as a positive for the cryptocurrency market.