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Cryptocurrency News Video
Market Shakeup: Bitcoin Takes A Hit As Fed Puts Rate Cuts On Hold
Apr 18, 2024 at 10:42 am Money Matters
Bitcoin was one of the cryptocurrencies that reacted to Federal Reserve Chairman Jerome Powell’s remarks during a panel discussion on Tuesday. Powell reiterated the central bank’s commitment to maintaining a restrained monetary policy, despite encouraging economic indicators. His remarks, which highlighted the importance of persisting with current interest rates due to limited progress in reaching the Fed’s inflation target, sparked reactions across various financial markets, including Bitcoin.
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