Powell Speech Brings Crypto Stability: Fed Hints at Slower Policy Moves

U.S. Federal Reserve Chair Jerome Powell’s speech at the National Association for Business Economics (NABE) conference signals a potential shift towards a slower pace of balance-sheet runoff and possible interest rate cuts, impacting crypto markets with increased optimism for Bitcoin and Ethereum. Powell hinted at these changes during his address in Philadelphia, which led to immediate market reactions and positive sentiment within the crypto sector. 📈 Trading activity surged as investors anticipate a less aggressive stance by the Fed, boosting risk appetite in the cryptocurrency market. 🚀