CoinEx Daily: Bitcoin Dips to Around $110,000 as Powell Issues Hawkish Signals Ahead of Fed Rate Cut

Daily View

Bitcoin has dipped to around $110,000 following hawkish comments from Federal Reserve Chair Jerome Powell, heightening market volatility in the lead-up to the central bank's anticipated rate cut. Macroeconomic uncertainty, coupled with significant centralized exchange (CEX) outflows and rising stablecoin inflows, continues to fuel price fluctuations, as investors adopt a cautious stance. Overall, risk appetite remains fragile, with global macro conditions and monetary policy serving as dominant forces.