As crypto firms and their new government allies rail against U.S. regulators for chasing them out of banking, Powell says such tales are a worry he’ll address.
The Fed is expected to keep rates unchanged while sticking to December’s hawkish forward guidance. BTC and risk assets could take cues from Powell’s take on key issues like mass deportations and shelter inflation.
XRP and DOGE futures recorded an unusually high $70 million in liquidations, indicative of rising speculative activity in majors.