The financial markets are gearing up for a significant event as Federal Reserve Chairman Jerome Powell is scheduled to speak on Thursday morning, as highlighted in a recent post by Evan on Twitter, under the handle StockMKTNewz, dated May 11, 2025. This speech is anticipated to provide critical insights into the Federal Reserve’s stance on monetary policy, interest rates, and economic outlook, which often have a profound impact on both traditional stock markets and the cryptocurrency sector. With inflation concerns and recession fears lingering, Powell’s comments could sway market sentiment dramatically, influencing risk appetite across asset classes. For crypto traders, this event is particularly crucial as it could trigger volatility in major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as well as altcoins with high sensitivity to macroeconomic shifts. Historically, Fed announcements have led to sharp price movements; for instance, Bitcoin saw a 5.2% drop within 4 hours following a hawkish Fed statement on December 14, 2022, according to data from CoinGecko. As of the latest market close on May 10, 2025, at 4:00 PM EST, BTC was trading at $62,350 with a 24-hour trading volume of $28.4 billion on Binance, while ETH stood at $2,910 with a volume of $12.7 billion, per TradingView data. These levels could serve as key benchmarks to monitor post-speech reactions. Powell’s tone—whether dovish or hawkish—could either bolster confidence in risk assets like crypto or push investors toward safer havens like bonds and gold, directly affecting market dynamics.

From a trading perspective, Powell’s speech presents both opportunities and risks for crypto investors. A dovish outlook hinting at potential rate cuts could propel BTC past its recent resistance of $63,000, a level tested on May 9, 2025, at 10:00 AM EST, as per Binance charts, potentially targeting $65,000 in the short term. Conversely, a hawkish stance reinforcing tighter monetary policy might drive BTC below its current support of $61,500, observed on May 8, 2025, at 2:00 PM EST. Ethereum, often correlated with BTC, could see similar movements, with its key levels at $2,950 resistance and $2,850 support, based on price action at 3:00 PM EST on May 10, 2025. Cross-market analysis reveals a strong correlation between the S&P 500 and Bitcoin, with a 30-day correlation coefficient of 0.78 as of May 10, 2025, according to CoinMetrics. If Powell’s remarks negatively impact stocks—say, the S&P 500 drops below 5,200 from its current 5,250 at market close on May 10, 2025, per Yahoo Finance—crypto markets could face selling pressure. Trading volumes in BTC/USD and ETH/USD pairs on Coinbase spiked by 18% during the last Fed-related event on March 22, 2025, suggesting heightened activity is likely this week. Traders should prepare for rapid shifts and consider stop-loss orders to mitigate downside risks.

Technical indicators further underscore the importance of this event. As of May 10, 2025, at 5:00 PM EST, Bitcoin’s Relative Strength Index (RSI) on the 4-hour chart sits at 52, indicating neutral momentum, per TradingView. However, the Moving Average Convergence Divergence (MACD) shows a bearish crossover initiated at 1:00 PM EST on May 10, hinting at potential downward pressure unless bullish catalysts emerge from Powell’s speech. Ethereum’s RSI is slightly lower at 49, reflecting similar indecision. On-chain metrics reveal a 3.2% increase in Bitcoin whale transactions (over $100,000) in the past 24 hours as of 6:00 PM EST on May 10, 2025, according to Glassnode, suggesting institutional positioning ahead of the event. Stock market correlations remain critical; the Nasdaq 100, closing at 18,300 on May 10, 2025, per Bloomberg data, often moves in tandem with tech-heavy crypto assets like ETH. Institutional money flow is another factor—recent reports from CoinShares noted a $200 million inflow into Bitcoin ETFs in the week ending May 3, 2025, which could amplify crypto reactions to stock market sentiment post-speech. Crypto-related stocks like Coinbase (COIN) and MicroStrategy (MSTR) also warrant attention; COIN closed at $215.30 on May 10, 2025, at 4:00 PM EST, with a 2.1% uptick, per Yahoo Finance, and could see volatility mirroring crypto price action.

In summary, Jerome Powell’s Thursday morning speech is poised to be a pivotal moment for cross-market dynamics. Traders should monitor real-time price levels, particularly BTC/USD at $62,350 and ETH/USD at $2,910 as of May 10, 2025, at 4:00 PM EST, alongside stock indices like the S&P 500 and Nasdaq 100. With institutional interest evident in on-chain data and ETF flows, the interplay between traditional finance and crypto markets will likely intensify, offering strategic entry or exit points for agile traders. Keeping an eye on trading volumes, which surged by 15% on Binance for BTC/ETH pairs during the last major Fed event on March 22, 2025, will be key to gauging market conviction post-announcement.

FAQ:
What impact could Jerome Powell’s speech have on Bitcoin prices?
Jerome Powell’s speech on Thursday morning could significantly influence Bitcoin prices depending on his tone. A dovish stance suggesting potential rate cuts might push BTC above its resistance of $63,000, observed on May 9, 2025, while a hawkish outlook could drive it below the $61,500 support level seen on May 8, 2025.

How should crypto traders prepare for volatility after the Fed speech?
Crypto traders should set tight stop-loss orders around key support levels like $61,500 for BTC and $2,850 for ETH, based on price data from May 10, 2025. Monitoring real-time trading volumes on exchanges like Binance and Coinbase, which spiked during past Fed events, can also help gauge market reactions quickly.