Powell Stays at the Fed: BTC Impact

Fed Chair Jerome Powell made a striking admission in the press conference held after the interest rate decision. Despite planning to step down from his presidency ending in May, he announced that he will continue to serve as a governor on the central bank's board due to ongoing legal reviews and political tensions. The Fed formalized its decision to keep interest rates steady in the %3,5-3,75 range. Powell expressed his concerns by saying, “These attacks are damaging the institution's reputation and putting at risk the conduct of monetary policy independent of political factors.” After the decision, markets are trying to digest these statements while risky assets remain under pressure.

How Did Powell's Decision to Stay at the Fed Affect the BTC Market?

Powell’s plans to hand over his duties were disrupted by the Trump administration closing the criminal investigation into Powell. Attorney General Jeanine Pirro stated that the file will remain under review in the Fed Inspector General's office and could be reopened with new evidence. Recent statements from President Trump and his team suggested that there is still legal pressure on Powell. Powell emphasized that he has lost the chance to leave under these conditions, preferring to stay low-profile but having no other option. While the interest rate decision brought no changes as expected, the opposition from three board members with a hawkish stance against easing drew attention.

The hawkish emphasis in the decision text cooled easing expectations in the markets and curbed risk appetite. Bitcoin (BTC) is currently trading at $78.465 level (+%0,07 24s), RSI 61,66 in sideways trend but Supertrend giving bearish signal. EMA 20: $76.048. Click for detailed BTC analysis.

Critical Support and Resistance Levels for BTC

• Supports: S1 $71.926 (⭐ Strong, -%8,33, Fibo 0.382/SMA 100); S2 $75.679 (⭐ Strong, -%3,54)
• Resistances: R1 $79.397 (⭐ Very Strong, +%1,20, Fibo 0.618/BB Upper); R2 $80.624 (⭐ Strong, +%2,76)

21shares analyst Matt Mena predicts that the opposition of three dissenters to rate cuts is surprising, and with Kevin Warsh’s return, the CLARITY Act could be opened. If momentum recovers, BTC could head towards the $85.000-$90.000 range. BTC futures should be closely monitored. Uncertainties regarding Fed independence will affect crypto markets.

Frequently Asked Questions About Powell's Fed Decision and BTC

Did the Fed keep interest rates steady? Yes, unchanged in the %3,5-3,75 range; hawkish dissenters braked easing.

Why isn't Powell leaving? Due to legal investigations and Trump pressure, he is staying as a governor.

Will BTC break $80.000? R1 $79.397 resistance is critical; possible with recovery signal.