Bitcoin Price Drops to $110K After Fed Chair Powell's Hawkish Remarks - BTC Analysis

Bitcoin experienced significant price volatility, declining to the $110,000 level following hawkish comments from Federal Reserve Chairman Jerome Powell. The cryptocurrency market reacted strongly to Powell's indications of potential interest rate hikes and tighter monetary policy. BTC's sharp correction highlights the ongoing sensitivity of digital assets to traditional financial indicators and central bank communications. Market analysts are closely monitoring support levels as institutional investors reassess their crypto allocations in response to changing macroeconomic conditions.