Crypto, along with S&P 500, took a big hit yesterday after Fed Chair Jerome Powell made some unexpected announcements. Bitcoin briefly lost its six-figure price tag, but it bounced back and many are pointing out how commonplace this sort of pullback is. Perhaps the loudest conversation about Bitcoin was the disclaimer in a BlackRock video explanation of Bitcoin that re-ignited an old debate about BTC's supply cap. Also, a South Korean lawmaker may go to prison over allegations of hiding millions in crypto holdings while working on legislation concerning crypto!

Further reading:

• BTC reclaims $100K but weekly chart forming ‘bearish engulfing’ candlestick
• Bitcoin price drops to $100.3K after Fed rate cut and Powell’s revised 2025 inflation outlook
• BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change
• South Korean prosecutors seek 6 months for lawmaker who allegedly hid crypto

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