Powell’s Speech today & U.S. Data: Why Crypto Is Watching

This week, crypto traders can’t take their eyes off two big signals. One is Federal Reserve Chair Jerome Powell Speech , and the second is the latest U.S. economic data. Both could shape what happens to Bitcoin next.

Rover’s post highlights one key point: the U.S. Dollar Index (DYX) shows signs of strength. If Powell’s Speech hints that interest rates may stay higher for a longer period , it could push the $ higher or even higher. A stronger $ often puts pressure on digital token money, which flows back to safer assets.

Source: Crypto Rover

Complications: Strong Dollar, High Inflation & Bitcoin’s Risk

Rover’s second update reveals that expansion is another factor. If the new U.S. high stats come in higher than expected, it could mean the Fed won’t cut rates soon. That’s not what crypto bulls want to hear.

This post warns that the upcoming U.S. expansion data is just as important. If inflation stays high, the Fed could stay "hawkish"—meaning no rate cuts for now, which adds more strength to the $.

Right now, Bitcoin is testing important support levels. Rover points out that if Powell Speech sounds tough on escalation or the numbers show prices are still rising fast, the $ could climb higher, and digital coins could drop through their support.

A rising $ and sticky inflation together can make it harder for digital coins to gain momentum. That’s why traders are watching every word Powell Speech says and every increasing number released this week.

Key highlights:

• The upcoming U.S. stats are crucial.
  
  

• Focus is on inflation: if it stays hot, it’s bad for crypto.
  
  

• Hot inflation = Fed stays hawkish.
  
  

• Hawkish Fed = no rate cuts.
  
  

• This keeps the U.S. Dollar Index (DXY) strong.
  
  

• Strong DXY is bad for Bitcoin.
  
  

Source: X

What Should Crypto Investors Focus On?

Rover’s posts make one thing clear: the dollar’s direction is key. If Powell’s Speech shows the Fed is still worried about inflation, the dollar could get even stronger, putting extra weight on digital coins.

Powell’s Speech sums it up: “The upcoming US stats will be crucial! If inflation stays hot, the Fed stays hawkish—and that’s bad for Bitcoin,” he warns. It means traders should watch every new number closely because a high increase could push the dollar up and keep BTC under pressure.

If the increasing numbers surprise by coming in cooler, the $ might ease off and give crypto a small lift. But for now, there’s no promise—only caution.

Traders are paying attention to DXY moves, the tone of Powell Speech , and the expansion reading to decide their next step. It’s a waiting game with possible quick swings. Staying alert is the safest plan.

The Powell Speech , Crypto Impact this week could be big. If the $ keeps rising and inflation stays high, digital tokens could face more pressure. If things cool off, it might catch a break. For now, all eyes are on the Fed, the data, and the next Bitcoin move.