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On Tuesday, the U.S. markets climbed on Fed Chair Jerome Powell's reiteration of the central bank's non-negotiable resolve to curb inflation. However, the broader crypto market stagnated as market sentiment remained bearish. BTC struggles to hold the $30k psychological support after posting a 1.38% loss in the last 24 hours. As of the time of writing, the key overhead resistance for the largest cryptocurrency by market cap is sitting in the $31.5k region, where a clear break-out above this level may usher in a momentum that could be more than just a temporary reprieve.