Crypto Market Suffers Massive Losses After Powell Hints at Policy Shift

The global financial markets have experienced a significant upheaval following Federal Reserve Chair Jerome Powell’s recent comments hinting at potential changes in monetary policy. Powell’s remarks, which came after a meeting of the FOMC, sparked fears of an abrupt shift away from the long-standing 2% inflation target. This has led to a staggering $1 trillion wiped out from cryptocurrency markets in just one day.