Fed chair Powell signals caution as Trump tariffs loom over inflation outlook
Powell signals Fed's patience amid tariff-fueled inflation threat, emphasizes independence from political pressure.
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The announcement has sent shockwaves through crypto markets, causing Bitcoin to lose its gains despite earlier optimism.
The pressure by macro uncertainties and shrinking liquidity did not erase all Bitcoin gains since Election Day, although altcoins suffered in the first quarter.
Hayes clarified that he views Bitcoin as more likely to rally to $110,000 than to decline to $76,500 in the short term.
The Fed will start slowing its quantitative tightening in April 1, reducing Treasury securities from $25 billion to $5 billion.
The delay in the settlement might come from Ripple, who is looking to avoid the $125 million fine ruled in an August court decision.
Bitcoin's performance mirrors major US tech stocks as macro concerns persist and risk assets struggle.