Powell Dismisses Rate Cut Rumors, Impacting Crypto Markets

Federal Reserve Chair Jerome Powell has firmly rejected expectations of a rate cut next month, causing ripple effects across global markets. Cryptocurrencies, notably Bitcoin and Ethereum, have experienced notable volatility in response to this stance. 💰 Despite the fluctuations, Bitcoin’s price remains resilient, trading near $121,661.87 as investors cautiously anticipate future Fed policy shifts.