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Coinjurnal

Crypto update: Bitcoin tumbles below $111K as Powell dashes December rate cut hopes

Bitcoin fell below $111,000 after Fed Chair Powell's hawkish comments. Powell said a December interest rate cut is "not a foregone conclusion." Major cryptocurrencies like Ethereum, XRP, and Solana also posted losses. Bitcoin and the wider cryptocurrency market took a sharp downturn after US Federal Reserve Chair Jerome Powell signaled that a highly anticipated December [...]The post Crypto update: Bitcoin tumbles below $111K as Powell dashes December rate cut hopes appeared first on CoinJournal.

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