Analysis: Fed Chairman Powells speech had no impact on Bitcoin price trend

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Odaily2024/07/09 15:25

By:Odaily

Odaily News Fed Chairman Powell said today that he would not send a signal about the timing of future policy actions, and rising inflation is not the only risk facing the economy. The possibility of a rate cut in September then increased slightly. Powells testimony did not have a significant impact on the price of Bitcoin (BTC). BTC rebounded briefly but quickly gave up the gains. It is currently slightly above $57,000, and has risen slightly in the past 24 hours. (Coindesk)

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