Crypto Market Stalls as Investors Anticipate Powell’s Speech

The cryptocurrency market is experiencing a period of quiet anticipation as investors brace for Jerome Powell’s upcoming address, which could significantly influence the direction of risk assets over the coming weeks. Bitcoin and major altcoins have entered a consolidation phase, with uncertainty surrounding the U.S. Federal Reserve’s stance on interest rates and inflation fueling the lull. With volatility expected to pick up once Powell speaks, traders are closely watching whether Bitcoin will maintain its support levels or if altcoins will take the lead in sparking the next market move.