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Powell Speech Sparks Optimism — Rate Cuts, QT End, and a Softer Jobs Market

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CoinGape Newsletter
October 15, 2025

Fed Chair Jerome Powell’s speech was the most-awaited event on Tuesday, October 14. The highlight of the Powell speech was that the Fed chair is leaning toward a more dovish stance, indicating higher chances of more rate cuts ahead amid the weak job market. Crypto market remains upbeat on the development, with Bitcoin price bouncing back from the support at $110,000.

U.S. Treasury Secretary Scott Bessent has provided an update on the screening process for the next Fed chair, stating that the shortlist is down to five names. This list is believed to consist of pro-crypto individuals, including Fed Governor Chris Waller.

Bitcoin price has plunged to the $110,000 support zone amid a major crypto market liquidation, as analysts warn of a potential 15% further decline ahead. Furthermore, as the ‘debasement trade’ kicks in, Gold has had the upper hand, with prices soaring to $4,200 per ounce. Short traders are piling up, and if they break the immediate support level, BTC could crash to $96,530.

Sui price has attracted renewed market interest after its strategic collaboration with Figure Technology Solutions brought the SEC-approved YLDS token to its ecosystem. The move allows Sui users to earn yield from tokenized Treasurys directly through the DeepBook trading platform, strengthening the network’s institutional utility. Meanwhile, the daily chart reveals a tightening price structure near $2.8, suggesting that a breakout phase could soon emerge.