Bitcoin & Ethereum Price Rebound Driven by Fed Powell Remarks

Crypto markets saw a rebound with Bitcoin rising ~1.1% to about US$113,103, Ethereum up ~4.8%, Solana ~5.6%, and XRP ~2.3% in 24 hours following statements from Federal Reserve Chair Jerome Powell. Barron's

Powell hinted that the Fed may consider cutting interest rates due to signs of job-market weakness. The quicker rate-cut expectation lifted risk assets, including crypto. The CME FedWatch tool indicates about 93% probability of a half-point rate cut by end of year, up from ~79%. Barron's

🔍 What to Observe

• Macro sensitivity: Crypto remains highly responsive to U.S. monetary policy outlook. Even slight shifts or language changes from central banks can trigger notable price moves.
• Key resistance / support zones: For Bitcoin, the ~$120,000 range remains psychological / technical; for Ethereum, watching around $4,000 is pivotal.

💡 Advice for Xoibit Users

• For traders: use such macro news to plan entries/exits; but be aware that follow-through matters—sometimes markets partly reverse on second thoughts.
• For holders: a rebound like this is positive, but one should monitor forward‐looking economic data (jobs, inflation) for confirmation.
• Maintain diversified exposure: when interest rate or macro policy risk is high, having some assets in stablecoins or less volatile tokens can protect.