Crypto Market Eyes FOMC Decision as Powell’s Speech Sparks Cautious Optimism

The latest updates in the crypto market highlight significant interest in the FOMC decision scheduled for July. The Federal Reserve Chair Powell's speech kept traders vigilant, with the fate of crypto assets hinging on July's inflation data. While expectations for rate cuts remain cautious at 19%, an unexpected dovish shift could spark gains across the crypto markets. Meanwhile, within the Federal Reserve, a divide exists regarding sudden price fluctuations related to tariffs. Trump's appointees view these swings as temporary, whereas others believe the economy remains stable. Market reactions have been cautious: Bitcoin has reclaimed the $106K mark, and Ethereum stays above $2400. Since Powell's remarks didn't bring major surprises, markets gained clarity but still lack confidence. Investors are awaiting July's CPI data, and the overall sentiment suggests cautious optimism, with potential for volatility depending on upcoming economic indicators.