Crypto Market Dips Amid Powell Watch & Policy Surprises
đ» The broader crypto market is in correction mode today â global cap down ~1â1.6% as Bitcoin rests near $113K and Ethereum slides below $4.2K.
Only a few altcoins like $SOL and $TRX are seeing gains amid the pullback.
âł Sentiment is shaky as traders await the Fedâs FOMC minutes and Jerome Powellâs upcoming speech. Uncertainty ahead is fueling selling.
đ Meanwhile, Washington is stirring: The SEC is softening token classification rules, and China is exploring yuan-backed stablecoins in a bid to challenge dollar dominance.