Generally, the cryptocurrency market, which is sensitive to changes in monetary policy, reacted moderately to the latest inflation statistics. Confident investors predict that a reduction in interest rates or an increase in liquidity could lead to a significant rise in Bitcoin and altcoin prices, yet the current conditions do not support such actions.

Additionally, Powell's tone remained firm. He avoided dovish language and his statements did not signal an urgent easing. Calls for political stimulus did not change the central bank's stance. Speculations from influential figures in the cryptocurrency space continued. Some pointed to historical patterns linking easing cycles to Bitcoin rallies. However, the Fed's current policy trajectory provided little evidence that such a move was imminent.

In short, the cryptocurrency community may need to temper its expectations somewhat. As long as inflation remains above 2% and the economy avoids recession, the Fed seems determined to maintain its wait-and-see approach. #bitcoin