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Bitcoinist 2022-08-27 10:39:31

Bitcoin Price Crumbles After Powell Says Fed Rates May Continue To Increase

Bitcoin price dropped about 5% to $20,822 after Federal Reserve Chairman Jerome Powell spoke at Jackson Hole, Wyoming, on Friday, stating that the central bank will “use its instruments decisively” and it will take time to combat inflation. Powell talked briefly during the event and discussed the significance of price stability. He stated that it is […]

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