Brace Yourselves: Jerome Powell Is About To Speak (Yes, Again)
Everyone’s glued to their screens like it’s the season finale of a soap opera because Jerome Powell, the Fed’s head honcho, is about to drop some wisdom at 12:35 PM ET over at the Greater Providence Chamber of Commerce. Investors and crypto heads alike are clutching their portfolios, wondering if Powell’s gonna whisper sweet nothings about more interest rate cuts or just give us that classic cautious “meh.”
After the Fed’s recent 0.25% rate cut (cue the tiny celebration), Powell’s probably gearing up to say, “We’ll play it by ear,” because jobs are weak, inflation’s loud, and nobody really knows what’s next.
Experts predict a delicately awkward dovish vibe – basically, more cuts if inflation chills and jobs look dodgier. Meanwhile, markets are already jitterbugging, because nothing says “fun” like crypto and stocks twitching nervously before Powell’s mic even turns on.
Bitcoin and Altcoins: Rocket To The Moon or Oh No, Not Again?
The All-Important Bitcoin Prognostication
Bitcoin’s mood swings are in full effect. It bounced off a psychological support at 111.4K – because big numbers look cooler – and is now eyeing the 113.1K resistance like a cat stalking a laser pointer.
If Powell drops the “more cuts please” bomb or hints he’s ultra chill, BTC could blast off toward 114K-115.5K. But if he’s playing it safe with a neutral vibe, expect a soft shove back toward 111.4K or worse. Translation: hang on to your hats, volatility may throw a wild party.
Traders are watching like hawks (or maybe flailing octopuses) trying to guess the market’s next twitch right after Powell finishes his grand soliloquy.
Altcoins: The Underdogs or Just Underperforming?
Altcoins (not your main BTC or ETH darlings) are flirting with a crucial trendline. If it holds up, these little fighters could rally hard, chasing that dreamy $1.16 trillion all-time high. Fingers crossed.
But if this trendline pulls a disappearing act, expect altcoins to nosedive to the $920B-$960B dirt patch. Cue collective panic selling and a lot of “I told you so” tweets.
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2025-09-23 13:48