Crypto Markets Rebound 1.5% After Powell's Remarks, Bitcoin Nears $84,600

Crypto markets in Asia saw a modest recovery on Thursday, rebounding from a sharp overnight sell-off. This followed Fed Chair Jerome Powell's dismissal of prospects for early rate cuts, as global markets continue to absorb the shock from the latest round of US tariffs. Bitcoin, the leading cryptocurrency, gained 1.5% over the past 24 hours, nearing $84,600. Other major tokens, including Ether, XRP, Dogecoin, and BNB, also saw gains ranging from 1% to 3%. Solana stood out with a 6% jump, leading the rally as risk appetite cautiously returned.

Powell's remarks on Wednesday also hinted at the possibility of looser crypto regulations for banks in the future. This could improve institutional access to digital assets, boosting liquidity, mainstream adoption, and investor confidence—all positive drivers for Bitcoin and the broader cryptocurrency market. Such regulatory easing could provide strong momentum to emerging projects like Bitcoin Pepe.

During his remarks, Powell emphasized the need for more time to assess the economic effects of tariffs, noting that they could contribute to higher inflation and slower growth. He suggested that the US could face a period of “stagflation,” a scenario reminiscent of the 1970s when the country experienced both weak economic activity and double-digit inflation. Powell’s comments reflect concerns about the potential long-term impact of current trade policies, with the possibility of a challenging economic environment ahead.

Regarding crypto regulations, Powell acknowledged the sector’s history of “a wave of failures and fraud,” but noted that the industry is becoming increasingly mainstream. He indicated that some of the stricter measures imposed by regulators could be relaxed, a move that could benefit the broader crypto market. His comments come as markets remain on edge over inflation, tariffs, and policy direction.

A rally in the broader crypto market benefits Bitcoin Pepe because overall market strength acts as the primary risk gauge for sentiment across digital assets. When the crypto market moves decisively higher, it typically improves investor confidence and draws sidelined capital back into the ecosystem. This environment tends to lift altcoins, particularly meme coins, as retail participants seek speculative plays with the potential to outperform during broad-based upswings. As the only Bitcoin meme ICO, Bitcoin Pepe may benefit from improved market sentiment.

In essence, rallies in the broader crypto market increase liquidity and risk appetite, and that can boost demand for early-stage projects like Bitcoin Pepe. The project is introducing the innovative PEP-20 token standard to facilitate the launch of meme coins directly on the Bitcoin network. Since the presale’s launch, BPEP has raised over $6.7 million, underscoring the growing enthusiasm for the project. The presale is structured in 30 stages, with a 5% price increase at each stage. BPEP’s price has risen from an initial $0.021 to $0.031 at stage 9. The presale stages are selling out at an increasingly faster rate, with the latest rounds closing in record time due to rising buy pressure.

Early investors have already seen returns of over 40%, and the token is structured to reach $0.0864 by the end of the presale, suggesting potential returns exceeding 300% for those who joined at the beginning. With a unique infrastructure, strong market momentum, and favorable conditions in the broader crypto market, Bitcoin Pepe is positioning itself to capture significant attention in the meme coin space.