BlockBeats News, on April 17, according to 4E monitoring, Powell's latest speech warned that tariff hikes far more than expected may face inflation and economic dilemmas, suggesting that the Federal Reserve will prioritize controlling inflation, and reiterated that it will maintain a wait-and-see stance, denying that interest rates will be cut to save the market when the market falls. Hit by this hawkish remarks, the three major U.S. stock indexes collectively plummeted, with the Nasdaq plummeting 3.07%, the S&P 500 falling 2.24%, and the Dow falling 1.73%. The Big Seven fell in general, with Nvidia closing down nearly 6.9% and Tesla falling nearly 5%. The crypto market was relatively independent of the U.S. stock market crash, with Bitcoin briefly plunging after Powell's speech, but quickly regaining its footing above $84,000 and currently trading at $84,227, up 0.8% in 24 hours. Altcoins mostly rose, but the market sentiment was cautious, and investors were wary of whether the overall economic wind would follow