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Bitcoin Slumps to ~US$100,000; Powell: Fed Not to Own Bitcoin
Overnight (18th), although the Federal Reserve announced a quarter-point interest rate cut, the dot plot showed that there would only be two interest rate cuts in 2025. This, combi...
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Bitcoin Slumps to ~US$100,000; Powell: Fed Not to Own Bitcoin
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Overnight (18th), although the Federal Reserve announced a quarter-point interest rate cut, the dot plot showed that there would only be two interest rate cuts in 2025. This, combined with Fed Chairman Jerome Powell's hawkish comments, weighed on the price of Bitcoin.

According to data from coindesk, Bitcoin last slid 5.31% to US$100,643.18. Powell remarked that the Fed does not want to participate in a government-led strategic Bitcoin reserve, emphasizing that the Fed is not allowed to own Bitcoin.

Related NewsInitial Jobless Claims for Dec/28 in United States is 211K, lower than the previous value of 219K. The forecast was 222K.

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