Bitcoin Price Plummets to Below 96K After Powell’s Rate Comments
Bitcoin’s value recently suffered a significant decline. The drop followed Federal Reserve Chairman Jerome Powell’s statements during the recent Federal Open Market Committee meeting. His comments regarding inflation and potential delays in rate cuts stirred investor concerns. Consequently, Bitcoin’s price fell sharply by over 13,000 in just a few days, leading to volatility across the cryptocurrency market. Investors are anxious about how future Federal Reserve policies will impact Bitcoin’s trajectory. Stakeholders should monitor the market closely for potential rebounds or further declines as the situation develops.
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