<ul data-eligibleForWebStory="true"><li>Federal Reserve Chair Jerome Powell confirmed U.S. banks can provide services to crypto firms with proper risk management, seen as a regulatory greenlight.</li><li>Institutional investors poured over $588 million into Bitcoin and $71 million into Ethereum ETFs after Powell's statement, propelling Bitcoin past $105,000.</li><li>Jerome Powell also supported upcoming stablecoin legislation, like the GENIUS Act, crucial for regulating stablecoins powering the crypto economy.</li><li>Market speculates if this Fed-driven momentum will launch a parabolic Bitcoin rally, citing institutional capital flows, regulatory clarity, and stablecoin framework.</li></ul>

Did Jerome Powell Just Spark the Next Bitcoin Bull Run?

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