In a recent address, Federal Reserve Chairman Jerome Powell emphasized the solid stance of the US economy. These comments have notably impacted the crypto market, triggering price fluctuations in major cryptocurrencies.
Economic Analysis by Powell
Jerome Powell indicated the US economy's solid condition, noting inflation slightly above the target level. He confirmed that the Fed's policy maintains a moderately restrictive stance, leaving options open for potential responses as needed. Powell stated that despite existing uncertainties, the policy direction continues to emphasize dual mandate objectives.
Crypto Market Reaction to Remarks
The crypto market, often sensitive to macroeconomic signals, responded to Powell's statements. Reports of a market recovery following his comments were confirmed by a rise in Ethereum prices and increased activity in centralized financial institutions. This reflects a heightened risk appetite among market participants when they perceive flexibility in policy adjustments.
Ethereum's Fluctuations
As of July 30, 2025, Ethereum is priced at $3,761.03, representing a market capitalization of approximately $453.99 billion and a market dominance of 11.83%. The trading volume over the past 24 hours is around $34.26 billion, which is a decrease of 10.25%. Ethereum shows price movements of -0.43% within 24 hours, a growth of 4.16% over seven days, and a remarkable increase of 104.05% over ninety days.
In conclusion, Jerome Powell's remarks highlight the significance of macroeconomic indicators for financial markets, especially in light of ongoing changes in Federal Reserve policy. It is essential to monitor how the central bank's policy will influence the crypto market in the future.
