币界网报道：Federal Reserve Chair Jerome Powell's upcoming testimony before Congress on July 9-10 could significantly impact crypto markets, as investors await signals about potential interest rate cuts. Bitcoin's recent 5% drop below $60,000 reflects market uncertainty ahead of these key events, with traders closely monitoring whether Powell will maintain his cautious stance or hint at policy easing. The July 26 release of the Personal Consumption Expenditures (PCE) price index data will provide further clues about inflation trends, potentially influencing the Fed's September rate decision. Meanwhile, crypto markets face additional pressure from Bitcoin miner capitulation and substantial outflows from spot Bitcoin ETFs, totaling $1.3 billion over three weeks. Analysts suggest the $60,000 level remains crucial for Bitcoin's short-term trajectory, with a break below potentially triggering further declines toward $50,000. The market's direction may become clearer after Powell's testimony and subsequent economic data releases.