Tag: stagflation

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...

The Bitcoin faithful are reeling. That ascent to $86,000 has now corrected itself, and we find ourselves nearer to $83,700. And while HODLers will preach diamond hands, let’s be honest: Jerome Powell’s stagflation warning should have been a flashing red light for anyone betting big on Bitcoin's continued meteoric rise....