BTC rises over $500 after Fed Chair Powell speech
Bitget data shows that BTC has moved $500 higher in the short term and is now at $61,750, up 2.08% in 24 hours, while ETH has moved higher in the short term and is now at $2,681, up 2.82% in 24 hours.
According to market news, the Wall Street Journal said Federal Reserve Chairman Jerome Powell sent the strongest signal yet for a rate cut, as he said the Fed intends to take action to avoid further weakness in the U.S. labor market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: BitMine currently holds approximately 3.56 million ETH, with an unrealized loss of $2.98 billion.
Data: A certain whale deposited 10 million USDC into Hyperliquid and went 20x long on BTC.
Data: Due to the announcement of DappRadar's shutdown, RADAR has dropped more than 20% in the past hour
Trending news
MoreCrypto prices
More
