Crypto Markets Dip on Powell’s Comments, Senate Passing Trump’s ‘Big Beautiful Bill’

The cryptocurrency market experienced volatility on Tuesday following United States Federal Reserve Chair Jerome Powell’s latest comments on interest rate cuts, as well as news that the Senate passed President Donald Trump’s so-called “One Big Beautiful Bill.”

Bitcoin (BTC) is down 1.5% over the past 24 hours and is currently trading at around $106,000. Meanwhile, Ethereum (ETH) dropped 1.5% on the day to $2,430. Solana (SOL) declined by 6% to $147. XRP traded flat on the day at around $2.19.

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