The cryptocurrency market is exhibiting a lot of caution, with major digital assets trading flat or seeing slight declines, especially as investors digest recent economic uncertainty that emerges from comments by Federal Reserve Chair Jerome Powell. Speaking at an economics event, Powell highlighted the challenging outlook for policymakers, noting the twin risks of a “potentially higher inflation and a slowing labour market.”

Despite a recent rate cut, which typically provides bullish momentum, the cautious sentiment is prevailing. Bitcoin (BTC) is trading in a tight range, holding steady around $113,000, while Ethereum (ETH) saw a marginal dip, trading near $4,200.

The broader altcoin market showed mixed results, with tokens like Solana (SOL) declining by 3% in 24 hours and over 9% fo

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