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Crypto Market Remains Risk-Averse Ahead of Fed Chair Powell's Speech After Hawkish Comments by Other Officials

The cryptocurrency market showed caution on Friday, with attention turning to a speech by Fed Chair Jerome Powell following hawkish comments from other central bank officials. Bitcoin remained flat at just below $27,000, while other major coins experienced moderate losses except for Ripple's XRP.

The dollar index pulled back from its two-month high, and futures tied to the Nasdaq index signaled a flat open. Treasury yields rose, increasing the probability of another interest rate hike next month and keeping investor risk appetite in check. Powell's speech is expected to influence end-of-the-week market flows, with some observers anticipating a hawkish tone.

Bitcoin Bitcoin $92,952.44
-2.7%
Bitcoin XRP
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