Bitcoin Stalls Below $80K as Powell Flags Oil-Driven Inflation Risks

Bitcoin stayed below the $78,000–$80,000 supply zone after the Federal Reserve kept rates at 3.5%–3.75% and Jerome Powell warned that higher oil prices could lift inflation in the near term. The vote split 8-1-3, with one official favoring a cut and Hammack, Kashkari, and Logan opposing any easing bias in the statement. Glassnode placed key resistance near $78,000 and $79,000, while main support sat between $65,000 and $70,000 with $68,000 as the first structural floor. Futures markets priced little chance of an implied cut by year-end, even though the March Summary of Economic Projections showed a median 2026 fed funds rate of 3.4%.