The cryptocurrency market saw a downturn in recent days, with Bitcoin (BTC) dropping by 5.2% over the last week, reaching below $104,000 before a brief recovery. The resurgence of concerns regarding US steel tariffs, reinstated by President Trump, has contributed to this decline. This situation, alongside global market jitters due to trade tensions between the US and China, is shaping the cryptocurrency sector’s focus today. At the forefront of investor attention is Jerome Powell’s speech at the 75th Anniversary Conference of the Federal Reserve’s International Finance Division on Tuesday evening (Turkish time). The address will offer insights into global economic uncertainties and the potential impact of tariffs on the United States. Market analysts are eagerly anticipating Powell’s remarks for clarity regarding these issues, which have been a major factor in recent market volatility. Furthermore, this event coincides with ongoing discussions about Powell’s tenure as chairman. President Trump has publicly expressed his dissatisfaction with Powell and his prolonged leadership at the Fed, prompting speculation about potential resignations. It’s important to note that this is not investment advice.