‘Shock’ Fed warning risks crashing Bitcoin, altcoin prices

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

A stark warning from the Federal Reserve has sent shockwaves through the crypto market, raising fears of a potential crash in Bitcoin and altcoin prices.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Bitcoin remained between $80,000 and $90,000, while Ethereum was stuck slightly below $2,000. The total market cap of all cryptocurrencies dropped from $2.7 trillion to $2.6 trillion. Meanwhile, the stock market had its worst week since 2020. The blue-chip Nasdaq 100, S&P 500, and Dow Jones slumped into a correction.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Bitcoin, altcoins could come under pressure after the Federal Reserve chairman Jerome Powell warned that Trump’s tariffs will likely lead to higher inflation and slower growth for the U.S. economy. Trump, however, disagrees. “This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates,” Trump wrote on his social media platform, accusing Powell of “playing politics.”