How Jerome Powell's comments influence the cryptocurrency market is reflected in the stability of Bitcoin and Ethereum prices.
Impact of Powell's Remarks
Federal Reserve Chair Jerome Powell's comments on tariff-induced uncertainty have impacted Bitcoin (BTC) and Ethereum (ETH) prices. Analysts note that the market is currently in a cautious position despite external economic factors.
Role of ETFs in Market Stabilization
Analysts highlight that ETF inflows have become a stabilizing force for Bitcoin. Technical levels for BTC have been maintained in the range of $104,000 to $105,000, indicating traders' careful approach to market changes.
Market Conditions and Trader Sentiments
Despite macroeconomic uncertainty, market reaction has been muted. Trading has remained steady without significant swings. Institutional flows continue to support Bitcoin amidst prevailing capital market conditions.
The cryptocurrency market continues to show caution while awaiting new signals, focusing on ETF inflows as a key factor for market stabilization.