Gate News reports that Federal Reserve Chair Jerome Powell delivered a temporary speech at Harvard University, with cautious language that lacked clear policy guidance, causing market sentiment to become more watchful. As a result, Bitcoin has remained around $67,400, with increased short-term volatility, but overall still demonstrating some resilience.
In his speech, Powell repeatedly emphasized that the current economic environment involves “a high level of uncertainty,” and admitted that policymakers have not yet fully understood the combined effects of multiple global and domestic pressures. He pointed out that monetary policy tools have limited impact on supply-side shocks, while geopolitical developments and changes in U.S. policy are continuing to disrupt the economic trajectory.
Regarding inflation, Powell stated that tariff factors could cause a temporary upward pressure of 0.5% to 1%, but also stressed that long-term inflation expectations remain stable. However, the Federal Reserve’s progress in bringing inflation back to its 2% target remains slow, further limiting policy space.
The labor market also shows some weakness. Powell mentioned that both labor supply and demand are declining, partly due to adjustments in immigration policies, indicating that the previously relatively stable employment structure is changing. Additionally, he again warned about the U.S. fiscal situation, noting that the pace of debt growth far exceeds economic expansion, and that an “unsustainable” path could pose long-term risks.
For the crypto market, these statements reinforce the narrative of Bitcoin as an anti-inflation hedge and a tool against fiat currency depreciation. Although there are no immediate expectations of rate cuts to support the market, and capital remains cautious, prices have not shown a significant downward trend, reflecting the market’s defensive stance amid uncertainty.
It is noteworthy that Powell explicitly stated that the Federal Reserve “has not discussed its next steps,” further dampening expectations of a policy shift. In an environment where macro signals are mixed and the path forward is unclear, both traditional markets and crypto assets are waiting for key catalysts, and Bitcoin’s range-bound consolidation may continue.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin 8-Hour Average Funding Rate Turns Negative at -0.01%
Gate News message, April 22 — According to Coinglass data, Bitcoin's 8-hour average funding rate across the network currently stands at -0.01%, indicating a slight bearish sentiment among futures traders.
Among major exchanges, funding rates vary: one exchange at -0.0007%, another at -0.0033%, a th
GateNews8h ago
BTC 24H up 5.01%, current price 79399.3 USDT
Gate News bot message, Gate market data shows, BTC has risen 5.01% in the last 24 hours, current price is 79399.3 USDT.
CryptoRadar8h ago
MicroStrategy Could Drive Bitcoin to $10M If It Accumulates 7.5% Supply, Saylor Says
MicroStrategy aims for 7.5% of Bitcoin supply, implying $10M per BTC; as of Apr 19 it held 815,061 BTC (~3.88%) for $61.56B, needing ~3.62% more to target saturation in Saylor’s long‑term accumulation plan.
Abstract: MicroStrategy seeks to accumulate roughly 7.5% of Bitcoin supply, a threshold Saylor suggests could push BTC to about $10 million and slow purchases thereafter. By April 19 it owned 815,061 BTC (≈3.88% of supply) for $61.56B and would require about 3.62 percentage points more to reach the target, indicating a approaching saturation of its long-run accumulation strategy.
GateNews9h ago
Bitcoin Liquidation Levels: $28.21B Long Liquidations at $74,951, $16.13B Short Liquidations at $82,741
Gate News message, April 22 — According to Coinglass data, if Bitcoin falls below $74,951, cumulative long liquidations across major centralized exchanges would reach $28.21 billion.
Conversely, if BTC breaks above $82,741, cumulative short liquidations across major CEXs would reach $16.13 billion.
GateNews10h ago
Bitcoin and Ethereum Spot ETFs Record Consecutive Net Inflows; BTC ETFs Reach $99.08B in Assets
Abstract: Bitcoin and Ethereum spot ETFs posted net inflows on Apr 21, extending multi-day streaks. BTC inflows were led by BlackRock’s IBIT and Grayscale, with GBTC outflows; ETH inflows were led by ETHA, with ETHE outflows.
Summary: Bitcoin and Ethereum spot ETFs posted Apr 21 inflows, extending gains; BTC led by IBIT and Grayscale with GBTC outflows, NAV $99.08B (6.54%). ETH inflows topped by ETHA, ETHE outflows; NAV $13.66B, inflows $12.05B.
GateNews10h ago
Expert Observes a Bullish 90-Day Bitcoin Pattern Repeating, BTC Could Hit $145,000 ATH Target
Expert observes a bullish 90-day Bitcoin pattern repeating.
He declares accumulation phase complete and expects manipulation phase to start.
BTC could hit $145,000 ATH target in the final distribution phase.
The crypto market has been moving in an upwards direction after weeks of
CryptoNewsLand10h ago
