Bitcoin Drops Before Shrugging Off Fed Chair’s Inflation Comments

Bitcoin briefly declined after Federal Reserve Chair Jerome Powell reiterated that inflation remained elevated and restrictive policy would likely persist, but the drop was short-lived. Prices recovered as markets absorbed the comments, indicating traders largely shrugged off the Fed’s remarks. The episode suggests Bitcoin is showing resilience to Fed rhetoric—macro commentary can still trigger short-term volatility but may be losing its ability to drive sustained directional moves in the crypto market.