Looking back over the past two years, the speeches of Federal Reserve Chairman Powell at the global Central Bank annual meetings seem to have become an important barometer for the encryption market. After each of Powell's speeches in 2023 and 2024, the encryption market has shown an interesting pattern: first a short-term fall, followed by a long-term rebound, ultimately breaking through previous highs.

This phenomenon has attracted widespread attention from market participants. Many investors and analysts have begun to explore whether Powell's speech really had such a significant impact on the cryptocurrency market, or if it was merely a coincidence.

There is a view that Powell's speeches often involve the direction of economic policy in the United States and even globally, which will undoubtedly affect the prices of various assets, including encryption currencies. However, some also point out that the volatility of the encryption currency market is influenced by multiple factors and should not be overly simplified in attribution.

As 2025 approaches, market participants are eagerly looking forward to witnessing the third repetition of this model. However, the market is ever-changing, and whether the past model can continue remains fraught with uncertainties.

Regardless, the correlation between Powell's speech and the movements of the cryptocurrency market undoubtedly provides us with a new perspective for observing and analyzing the market. In the future, we need to consider various influencing factors more comprehensively, rather than solely relying on a single event or individual statements.