Tag: jerome powell

Bitcoin's Dip: Powell's Stagflation Warning & Crypto's Future

Bitcoin's Dip: Powell's Stagflation Warning & Crypto's Future

Bitcoin’s meteoric recent increase came to an abrupt halt in U.S. afternoon trading Wednesday. This drop was set off by hawkish remarks by Federal Reserve Chair Jerome Powell. The leading digital asset has since staged a minor comeback, briefly crossing above the $86,000 level. Yet its value soon tanked by...