Happy Wednesday!

Jerome Powell is heading to his last dance today as chair of the Federal Reserve: what does his leaving mean for Bitcoin?

Strategy has practically single-handedly lifted Bitcoin off its bottom in February, according to Bitwise. But can Michael Saylor also carry the rally from here?

Plus, utilities, energy infrastructure, defense. We tracked where major funds are deploying billions and identified 12 stocks seeing consistent buying across four major sectors. Get the full breakdown inside our free April 2026 Investor's Cheat Sheet.

TOP STORY

Jerome Powell Set To Chair Last Fed Meeting: What Does It Mean For Bitcoin?

Bitcoin tapped $77,000 Wednesday as the Federal Reserve's final FOMC meeting under Jerome Powell puts monetary policy back in focus.

Analyst Benjamin Cowen is clear: don't expect rate cuts anytime soon.

Persistent inflation — driven by geopolitical tensions and rising energy prices — is keeping the Fed's hands tied, with market expectations for cuts now pushed out to 2027.

Cowen flagged a recurring historical signal: Bitcoin cycle bottoms have consistently coincided with peaks in energy prices, and rising oil costs are actively constraining the Fed's ability to ease.

The labor market is softening but not weak enough to force the Fed's hand — leaving open the risk that Powell's successor cuts too late.

SPECIAL OFFER

Wall Street is Dumping Cash Into These Stocks

Utilities. Energy infrastructure. Defense. We tracked where major funds are deploying billions and identified 12 stocks seeing consistent buying across four major sectors. Get the full breakdown inside our free April 2026 Investor's Cheat Sheet.

QUICK N DIRTY

Bitcoin, Ethereum, XRP are going sideways ahead of Jerome Powell’s last FOMC meeting as chair: here’s what else is driving markets today.

Robinhood got punched in the face by lower-than-expected revenue numbers in Q1. Here’s why Bernstein says now’s a good time to accumulate HOOD.

XRP is doing just fine, according to Ripple’s CEO. ‘All roads lead to XRP’, he said. But what does that mean for the token?

FINTECH FOCUS

How Michael Saylor (Almost) Single-Handedly Drove Bitcoin's 20% Rally

Bitwise CIO Matt Hougan says Michael Saylor is the single biggest driver of Bitcoin's 20% rally from February lows. Strategy bought $7.2 billion in Bitcoin over eight weeks, nearly double the $3.8 billion in ETF inflows over the same period.

The STRC engine keeps running: with junk bonds yielding under 7% and investors fleeing private credit, STRC's 11.5% yield backed by a $40+ billion Bitcoin cushion is pulling in income capital and recycling it straight into BTC.

The key risk metric to watch is Strategy's total obligations as a percentage of Bitcoin holdings — currently 33% ($21 billion against $63 billion in BTC).

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