Wednesday, 12. June 2024 Share: YouTube RSS

Crypto: Bitcoin falls after Fed chair Powell said interest rate cuts in 2023 are not likely

Bitcoin fell Wednesday as the Fed raised its key interest rate by a quarter of a percentage point, as widely expected, while the Fed chairman Jerome Powell said it’s “the most likely case” that the central bank would refrain from cutting its key interest rate this year.

Source: MarketWatch

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