1. Powell commented cryptocurrencies as "a speculative asset" which leaded to an adjustment in Bitcoin price but a rising trend in Gold
Just a mere opinion coming from him. Is it really the reason why it dropped?? I don't think so.
Even there is an adjustment in the Bitcoin price these days but it is expected it will recover soon.
With every rise, there is always a drop. We've seen Bitcoin reached $60,000 weeks ago and its normal for it to consolidate as investors are taking profit at that price. Nothing uncommon with this scenario since we know that in the end, Bitcoin will still recover what ever happens.