Bitcoin News
By Sakamoto Nashi
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Powell's Fed Exit Creates New Risk. Now Cowen sees the same pattern playing out with Jerome Powell at the Federal Reserve.
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Energy Prices Block Rate Cuts. Turkish commentator Cihan0x.ETH added another wrinkle. Expected rate cuts got pushed back to 2027.
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Bitcoin dropped hard. From $109,000 in early 2025 down to around $75,000 now. Crypto analyst Benjamin Cowen thinks he knows why—and it's not what most people expected.
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Cowen says the collapse came after Gary Gensler left the SEC. Lots of traders cheered when Gensler walked out the door. They thought the regulatory pressure would finally lift.
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Now Cowen sees the same pattern playing out with Jerome Powell at the Federal Reserve. Powell's expected to leave after the latest Fed meeting, where rates stayed at 3.50%-3.75%.
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Cowen's not so sure. If the Fed looks like it's lost independence, trust could collapse even if rate cuts happen.
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Powell made an unusual move. He's staying on the Fed's board even after stepping down as chair. He cited legal pressures for the decision. But it creates a weird situation.
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Turkish commentator Cihan0x.ETH added another wrinkle. Expected rate cuts got pushed back to 2027. Why? Inflation driven by high energy prices, made worse by the conflict in Iran.
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Market expectations shifted hard. Rate cuts were supposed to come in 2026. Now they're looking at 2027 at the earliest.
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See also: BTC Drops Below $75K After Fed Holds Rates Amid Iran War, Inflation Fears
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Powell's continued presence on the board might actually complicate things more than help. He's not chair anymore, but he's still there. Still voting. Still influencing.
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The energy sector's impact on inflation can't be ignored. The Iran conflict keeps prices high. That inflationary pressure restricts the Fed's flexibility.
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Cowen's analysis points to something deeper than just policy changes. It's about institutional trust. When Gensler left, people celebrated.
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The geopolitical situation adds another layer. Iran's conflict keeps energy prices elevated. That impacts U.S. inflation directly.
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Market reactions to leadership changes often miss the bigger picture. Gensler's exit opened the door for scams that drained liquidity from legitimate projects.
The Currency Analytics
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