Tonight at 11 PM, Jerome Powell officially takes office as Federal Reserve Chair. Here's a brief overview of the potential impact on the crypto market:


He is more hawkish, favoring controlling inflation and delaying rate cuts. The market may feel a bit uneasy, and Bitcoin and altcoins could experience short-term volatility and weakness.
But tonight is just an inauguration ceremony; there won't be an immediate rate hike or cut, nor sudden sharp drops or surges—it's mainly emotional disturbance.
The key will be his future speeches: if he remains firm and tight-lipped, the crypto market will stay under pressure; if he loosens up and hints at rate cuts, the market could rebound.
Don't over-leverage tonight; watch more, act less, and stay cautious. $HYPE $ETH $BTC #HYPE再度领涨
BTC-0.31%
HYPE1.22%
ETH-0.33%
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