All eyes are on Jerome Powell as he heads to Capitol Hill this week, with crypto markets anxiously awaiting signals about potential Fed rate cuts amid political pressure and global tensions.
Why This Testimony Matters for Crypto
Comes after Bitcoin crashed to $98.5K (multi-month low)
Trump threatens to fire Powell over unchanged rates
Fed governors split on timing of cuts (July vs September)
Markets pricing in 82% chance of September cut
Source : Truth Social
Key Issues Powell Must Address
1️⃣ Rate Cut Timeline
Will the Fed move in July or wait until September?