Powell’s Address Today: Bitcoin Prepares for Fluctuations as Fed Indicates Split
What’s happening with Powell’s Address Today? As the happenings from the FOMC settle, Federal Reserve Chair Jerome Powell’s speech this afternoon at the Greater Providence Chamber of Commerce has emerged as the pivotal crypto market influencer of the week.
Set for 12:35 p.m. ET, Powell’s speech comes only six days after the Fed’s initial rate cut of 2025 and at a time when global markets, spanning from U.S. Treasuries to BTC valuations, are in search of clarity amidst prevailing expectations of prolonged rate reductions in 2025.
(Source – PolyMarkets)
Powell’s Address Today: Understanding Powell’s Post-FOMC Balancing Act
The Fed’s policy rate currently rests at 4.00%–4.25% following last week’s 25 bps reduction. This adjustment, characterized as a “risk management” move, has splintered investors regarding future directions.
Powell is tasked to balance the Fed’s dual mandate amid conflicting signals: inflation stubbornly exceeds targets in key metrics, while job creation reveals signs of weakness.
Some members, such as St. Louis Fed President Alberto Musalem, caution against hastily proceeding with easing. Conversely, others maintain that weakening employment data warrants additional cuts.
Unquestionably, analysts at Polymarkets will closely monitor Powell’s tone today, as it will determine whether the trading market opts for cautious patience or accelerated easing post-rate cut.
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BTC Price in Focus: Could Jerome Powell Catalyze BTC USD Shift?
Crypto markets are already feeling the tension. Spot Bitcoin ETFs experienced $363M in net outflows on September 23, primarily driven by Fidelity’s FBTC. Ether ETFs also followed suit with $76M in withdrawals.
Such outflows suggest institutional investors are taking precautionary steps against the likelihood of Powell adopting a hawkish tone.
BTC is holding strong above $113,000, but the market remains precarious following Monday’s $285M in long liquidations, marking the largest single-day decline since June.
Traders are focusing on $110,000 as crucial support; a dovish Powell might spark a relief rally toward $117,500–$118,000 resistance, whereas any stress on inflation risks could drive BTC further into correction territory.
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Macro Context Shapes Bitcoin USD Price: Dollar and Bonds in Play
The larger macro landscape adds significance to today’s statements. The U.S. Dollar Index (DXY) remains strong around 97.40, while 10-year Treasury yields sit near 4.15% after a sharp uptick.
Both indicators reflect crypto holder caution ahead of Powell, with climbing yields and a robust dollar typically exerting pressure on BTC and other risk assets.
At the same time, gold keeps attaining new highs as capital shifts away from crypto, indicating that traditional safe havens are currently winning the inflation hedge debate.
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What to Look For in Powell’s Address Today
Markets will analyze Powell’s every word. If he reinforces last week’s “risk management” perspective, it could imply steady yet slow reductions, a scenario likely to keep pressure on BTC in the short term.
Alternatively, if he acknowledges economic weaknesses and hints at a willingness for quicker easing, Bitcoin may gain from a fresh risk-on sentiment.
Regardless, the Powell speech today promises to be a market fluctuation trigger for BTC. With institutional activities already signaling caution, traders should brace for rapid movements in either direction as the Fed chair influences expectations for the remainder of 2025.
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The article Powell Speech Today: BTC Braces for Price swings as Fed Signals Divide first appeared on 99Bitcoins.
