Federal Reserve Chair Jerome Powell's recent actions have significantly impacted the cryptocurrency and stock markets, according to various Twitter users. Powell is accused of fueling a massive asset bubble, with particular emphasis on cryptocurrencies and meme stocks. Users highlighted Powell's dovish stance, suggesting it has led to a surge in speculative investments, including memecoins, NFTs, and stocks favored by retail traders on platforms like Wall Street Bets, particularly among 0dte gamblers and Wall Street Bets yolo bois. Notably, Bitcoin's value was reported to have increased from $63k to $66k in just an hour, and then further to $68k, following Powell's decision to print an additional $100 million in US Treasuries. This move has been interpreted as saving the cryptocurrency market from a potential major correction, with users expressing gratitude towards Powell for preventing a market downturn.
Jerome Powell goes full Arthur Burns. Shitcoins and memecoins on leverage! $btc $sol #fomc @federalreserve @RichmondFed @KansasCityFed @ecb
Crypto was about to enter a major correction and then Jerome Powell saved it now nothing but clear skies. Well played! @federalreserve #fomc @neelkashkari @MaryDalyEcon @GaryGensler $tlt $es $nq https://t.co/GMdMhs0sLP
Jerome Powell prints another $100m US Treasuries - immediately Bitcoin pumps to $68k https://t.co/eLGyEKlh4w
Today Jerome Powell have the greenlight to irrational exuberance. Time to pile into the most speculative assets with leverage! @neelkashkari @newyorkfed @sffed $spy $spx $tlt https://t.co/1eSSIs5xoA
Powell just blessed the memecoin rally instead of taking the air out of it. No one can stop it. $btc $sol $coin $mstr $pepe $doge @GaryGensler
Powell pumped Bitcoin from 63k to 66k in an hour. Congrats @federalreserve @GaryGensler @neelkashkari @NewYorkFed @DallasFed @ecb $btc
Uber dove Powell pumping everything for the 0dte gamblers, memecoiners, NFT traders, and Wall Street Bets yolo bois. Congrats! @federalreserve @neelkashkari @GaryGensler @ecb $gs $jpm $blk $kre $spy $es
Powell is fueling the biggest blowoff top asset bubble in history. $spy $spx $xlf $tlt
Thank you Powell for saving the market.
Dovish Jerome Powell just made memecoiners a lot richer hahahaha @federalreserve @neelkashkari @ecb @bankofengland @Bank_of_Japan_j @GaryGensler
I guess Jerome Powell saved Crypto from going to zero by next week, all hail
Jay Powell bidding memecoins to the moon! $sol $spy $spx $qqq $tlt