Crypto Markets Volatile as Powell Speech Looms

Bitcoin and Ethereum prices face short-term volatility, with traders closely watching US Fed Chair Powell’s speech. Crypto markets recently saw $1.7 billion in liquidations as BTC slipped below $112,000. A rebound is possible if Powell signals rate cuts, while hints of policy caution may trigger further losses, especially in altcoins. Ethereum’s key support hovers around $4,000. Analysts emphasize the cross-asset impact, with investors reallocating from stocks to crypto amid ongoing macro risk and ETF outflows.