Powell Speech Highlights: Crypto Market Upbeat on Fed Rate Cuts, Ending QT, Weak Jobs Markets

Fed Chair Jerome Powell’s speech was the most-awaited event on Tuesday, October 14. The highlight of the Powell speech was that the Fed chair is leaning toward a more dovish stance, indicating higher chances of more rate cuts ahead amid the weak job market. Crypto market remains upbeat on the development, with Bitcoin price bouncing back from the support at $110,000.