Fed Chair Jerome Powell said he will continue serving at the Federal Reserve and will not resign due to legal pressures, according to the CoinDesk source text.
The same source also pins the current policy backdrop to interest rates fixed at roughly 3.5% to 3.75%. That matters for crypto because macro headlines often steer risk appetite more than any chain-level update.
On the crypto side, the source text describes bitcoin as moving sideways around $76.3K. It also flags $75.7K as strong support and references a broader range where risk appetite stays capped, with $85K mentioned as an upper reference point.
The key macro message in the provided text is that hawkish opposition was “curbed” enough to limit risk appetite, rather than sparking a clean directional move. That kind of mixed signal tends to keep BTC in a tighter band until the next catalyst hits.