CandleFocus Fed Chair Jerome Powell Delivers Crucial Comments for Market, How Crypto Reacted
2024-11-15
Author: Content Editor
Federal Reserve Chair Jerome Powell's comments that the central bank is not in a hurry to cut interest rates had a negative impact on the crypto markets. Bitcoin's price fell, along with other cryptocurrencies, causing many long bets to be liquidated. While Bitcoin and some cryptocurrencies have shown signs of recovery, overall prices remained down. The decrease in market sentiment diminished expectations for a December rate cut.
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