Advertise
- Sohrab Khawas
Sohrab Khawas
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Reviewed by:
Nidhi KolhapurNidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
- Jan 28, 2026 07:48 UTC
-
Jerome Powell Speech Today: Bitcoin and Altcoins Brace for Fed Interest Rate Cuts
Crypto markets face a volatile week as Powell’s speech, jobless claims, PPI data, and a potential U.S. shutdown threaten prices.
Bitcoin, Ethereum, and altcoins under pressure; key supports tested as investors await U.S. economic data and Fed guidance this week.
Crypto markets are set for a volatile week as several major U.S. economic events take place, increasing uncertainty among investors. How crypto prices move in the coming days may indicate whether the market is heading for a deeper correction or preparing for a bullish move.
The key events start on January 28 with a speech by Federal Reserve Chair Jerome Powell. This will be followed by the release of U.S. initial jobless claims data on January 29.
The week concludes on January 30 with U.S. Producer Price Index (PPI) inflation data and rumors of a U.S. government shutdown. Both developments could strongly impact the cryptocurrency market.
Jerome Powell Speech and Impact on the Crypto Market
Historically, U.S. government shutdowns have negatively impacted the crypto market. During the previous shutdown, Bitcoin dropped sharply, raising fears that similar selling pressure could return if uncertainty increases.
At the same time, markets expect the Federal Open Market Committee (FOMC) to keep interest rates unchanged. While this outcome is mostly priced in, investor reaction will depend on Jerome Powell’s comments. A hawkish tone could lead to widespread sell-offs, while hints of future rate cuts may support a bullish move in crypto markets.
Bitcoin Price Forecast Ahead of FOMC Meeting Today
Bitcoin has been moving inside a parallel price channel since November, but recently slipped below a key support level, raising fresh concerns about a possible shift in trend. This move could either be a false breakdown meant to shake out overleveraged long positions or the beginning of a more sustained bearish phase.
For now, as long as Bitcoin trades below the $92,000 mark, it is viewed as being in a higher-risk zone. Technical charts suggest prices could fall toward the $85,000–$86,000 area, with stronger weekly support sitting lower, around $75,000–$77,000. If BTC Price fails to move back above the channel’s resistance, the market could see a deeper correction over the next two to three weeks.
Ethereum and Altcoins Under Pressure
Ethereum price is also under pressure, struggling to hold its channel support. On the weekly chart, ETH remains capped below the key $3,000 resistance level. If this barrier continues to hold, there is a growing risk of a move down toward $2,700, with additional support expected between $2,300 and $2,700.Â
A clear break below $2,700 could speed up losses toward the $2,261 zone.
The broader altcoin market looks even more fragile. The Total3 market capitalization index, which tracks crypto assets excluding Bitcoin and Ethereum, has already slipped below its channel support. If the $788 billion level does not hold, the next major support appears near $686 billion, signaling the possibility of heavier selling pressure across smaller-cap tokens.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
Powell’s tone can drive crypto volatility; hawkish hints may trigger sell-offs, while dovish comments could boost bullish momentum.
Powell speaks on January 28 at 10:00 a.m. ET; you can watch live via the Federal Reserve’s official website or major financial news channels.
Crypto often mirrors equities; strong stock drops can trigger crypto sell-offs, while bullish markets may lift digital assets.
Absolutely, trends in stocks, gold, and silver provide clues on risk appetite and potential crypto price swings.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Yes 
No 
