Markets Consolidate Before Powell’s Speech—Crypto Investors Eye on the Next BTC Price Action

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The crypto market is treading cautiously as investors await Jerome Powell’s upcoming speech, which could set the tone for risk assets in the coming weeks. Bitcoin price and major altcoins have slipped into a consolidation phase, reflecting uncertainty around the U.S. Federal Reserve’s stance on interest rates and inflation. With volatility expected to rise once Powell speaks, traders are closely watching whether Bitcoin will hold key support levels or if altcoins will take the lead in driving the next market move.

BTC-0.53%
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