According to Crypto Rover, Jerome Powell is scheduled to speak today at 1 PM ET, and if he mentions quantitative easing (QE) or potential interest rate cuts, significant volatility is expected across both traditional and cryptocurrency markets. Traders should closely monitor the Federal Reserve Chair's comments for any references to monetary policy changes, as past announcements of QE or rate cuts have historically led to sharp price movements in Bitcoin and altcoins. Immediate reactions in crypto prices are likely if dovish signals are given, offering potential trading opportunities for both long and short positions (source: Crypto Rover via Twitter, June 2, 2025).

According to The Kobeissi Letter, the surge in US interest rates is primarily driven by increasing US deficit spending, currently at 7% of GDP, combined with renewed expectations for higher inflation and the Federal Reserve's 'higher for longer' policy stance (source: The Kobeissi Letter, Twitter, May 21, 2025). These macroeconomic pressures are creating a risk-off environment in traditional markets, which may prompt increased volatility and capital flows into alternative assets like Bitcoin and Ethereum. Traders should closely monitor US Treasury yields and macro policy signals, as these factors are likely to influence crypto price action and investor sentiment in the coming months.