Did Jerome Powell’s Crypto Greenlight Just Create The Conditions For a Parabolic Surge?
The endorsement of digital currency by Jerome Powell could ignite a parabolic surge. BTC is stable above $105,000, with potential for increases over $112,000. The Federal Reserve remains concentrated on inflation and monetary policy.
In a fluctuating week, digital currency values have returned to positive territory. Specifically, 
Bitcoin ▲1.91% surged past $105,000, bouncing back from significant losses incurred on Sunday, with increasing chances of a price surge exceeding $112,000.
Explore: Top Solana Meme Coins to Buy in June 2025
BTC Surpasses $105,000
As BTC rises, numerous top cryptocurrencies to purchase are also holding strong.
XRP has recovered from last week’s declines, gaining 2%, while has increased weekly growth to over 4.2%. However, most of the top 20 currencies still linger in the red over the past week, continuing to recover from Sunday’s sharp downturn.
Confidence is increasing, and market sentiment is improving. The Fear and Greed Index indicates that traders and investors are moving towards a neutral stance, a change from the “extreme fear” territory witnessed when prices fell below $100,000.
Explore: 20+ Next Crypto to Explode in 2025
Jerome Powell’s Crypto Endorsement to Boost Prices?
This transition follows Federal Reserve Chair Jerome Powell’s testimony before Congress on June 24.
Powell effectively gave the go-ahead for cryptocurrency, stating that U.S. banks under the Federal Reserve’s jurisdiction are allowed to serve crypto asset businesses, as long as the financial ecosystem remains secure.
These declarations, made under oath, signify a shift from the central bank’s earlier ambiguity and price ceiling toward crypto asset, including some of the top cryptocurrencies to invest in 2025.
This represented the first time a Federal Reserve Chair openly endorsed regulated banking involvement in the multi-trillion-dollar crypto asset sector.
This could pave the way for a surge of institutional capital influx, facilitating easier access to leading digital assets.
On June 24, institutions invested over $588 million in BTC spot ETFs and $71 million in ETH spot ETFs.
(Source)
Powell also highlighted advancements on stablecoin legislation through the GENIUS Act, indicating progress for a clear regulatory architecture. To date, numerous new entities are eager to introduce USD stablecoins supported by U.S. Treasuries.
Federal Reserve’s Data-Driven Approach: Emphasis on Inflation and Monetary Policy
In spite of the uptrend comments regarding crypto asset, Powell maintained a focus on macroeconomic factors, especially the Federal Reserve’s obligation to regulate inflation.
He observed that while the economy is strong, inflation persists, though it is decreasing. Its future path depends on tariffs proposed by Donald Trump.
The Federal Reserve operates with a data-driven methodology, vigilantly observing economic indicators to decide on prospective rate cuts. Powell suggested there is no immediate urgency to decrease rates, thereby reducing the chances of a July cut.
The CME FedWatch tool indicates a 23% probability of a July rate cut but an 82% likelihood in September, contingent on inflation approaching the 2% target.
DISCOVER: 9 Best Crypto Presales to Invest in June 2025 – Top Token Presales
Jerome Powell’s Crypto Greenlight Drives Bitcoin Above $105,000
- Bitcoin price exceeds $105,000 as bulls aim for $112,000
- Jerome Powell’s crypto endorsement is significant for the sector
- Institutions are flooding into crypto assets via spot ETFs
- Favorable legislation may direct even more investment into crypto
The post Did Jerome Powell Crypto Greenlight Just Set The Stage For Parabolic Run? appeared first on 99Bitcoins.
