According to Material Indicators (@MI_Algos), Bitcoin's recent resistance/support flip was invalidated as the market adjusted following initial optimism after FED Chair Powell's comments. The positive response from Bitcoin, altcoins, and traditional finance investors on Wednesday was short-lived, as market gains were pared back due to concerns over tariffs. These developments suggest increased volatility and uncertainty in the crypto markets, highlighting the need for traders to closely monitor macroeconomic factors and regulatory news.

According to Crypto Rover, Fed Chair Powell has confirmed that Quantitative Tightening (QT) has been reduced by half, with plans for a gradual return to Quantitative Easing (QE) levels. This move is expected to significantly increase market liquidity, which is considered massively bullish for the markets.

According to The Kobeissi Letter, Fed Chair Powell was questioned about the nature of tariff-induced inflation, to which he responded, 'That's the base case,' suggesting a belief in its transitory nature. This statement has reignited discussions on the Fed's inflation outlook and its implications for monetary policy and market expectations.