Recently, Federal Reserve Chairman Powell delivered a series of important speeches that drew widespread attention from the financial markets. His remarks not only dropped the likelihood of an interest rate cut in September but also indirectly criticized the impact of tariff policies on inflation, which may provoke dissatisfaction among certain political figures.

Powell's speech had a significant impact on the markets. The US stock market came under pressure and declined, and the cryptocurrency market was not spared either. Bitcoin's price once dropped to around $11,570, while Ethereum also dipped to around $3,670.

Analysts expect that, influenced by this series of statements, the cryptocurrency market may experience further downward testing in the near future. Investors need to closely monitor the Federal Reserve's subsequent movements and the potential ripple effects it may have on the overall economy and the cryptocurrency market.

In the current situation, market participants should remain vigilant and closely monitor global economic indicators and policy changes in order to adjust their investment strategies in a timely manner. At the same time, it is important to recognize the high volatility characteristics of the cryptocurrency market and to manage risks effectively.