Bitcoin Slips Below Key Support as Dollar Strengthens Ahead of Powell Speech

Bitcoin has experienced a notable decline, falling below a crucial support level, as the U.S. dollar gains strength in value. This shift in the cryptocurrency market comes just before an anticipated speech by Federal Reserve Chair Jerome Powell, which has raised concerns among investors about potential implications for interest rates and monetary policy. The current economic climate is creating significant volatility, with traders closely monitoring both market trends and developments in government policy. source: https://www.coindesk.com/markets/2025/10/09/bitcoin-slips-below-key-support-as-dollar-strengthens-ahead-of-powell-speech