Powell Speaks, Bitcoin Surges Past $61,000
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September 18, 2024
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On September 19, according to HTX price data, Bitcoin broke through $61,000 again, currently trading at $61,160, affected by Federal Reserve Chairman Powell's speech.
Federal Reserve Chairman Powell stated that the overall US economy is currently strong, and the 50 basis point rate cut reflects growing confidence that the strong performance of the labor market can continue. (Previously, the market was worried that the 50 BP rate cut would be due to recession expectations.)
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