Powell's comments on oil, inflation may provide BTC price guidance: Crypto Daybook Americas

Bitcoin and the broader crypto market are pausing ahead of the Federal Reserve's rate decision, with focus shifting to growth and inflation projections, and Chairman Jerome Powell's press conference. Experts suggest that if Powell emphasizes the inflationary risk from oil prices or signals fewer/delayed rate cuts (a hawkish stance), Bitcoin is likely to remain capped below $75,000, extending its consolidation phase. Markets have already pared back easing expectations due to higher oil prices complicating the case for rate cuts. Despite renewed institutional interest in spot ETFs, BTC's upswing has stalled, mirroring the broader market, though some smaller altcoins have seen gains. Traditional markets show a risk-on sentiment with rising S&P 500 futures and a pullback in the Dollar Index.

(Source：CoinDesk)