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Bitcoin Price Pushes Higher as Fed’s Powell Signals Incoming Rate Cuts – BTC to $70K Soon? Cryptonews vor 3 Wochen

Bitcoin Price Pushes Higher as Fed’s Powell Signals Incoming Rate Cuts – BTC to $70K Soon? 🚀

Jerome Powell USA Bitcoin Federal Reserve

The Bitcoin (BTC) price reached a new two-week high on Friday, surpassing $62,000.

This surge followed Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium, where he indicated that the central bank may soon begin a cycle of rate cuts.

The prospect of lower interest rates has fueled optimism among investors, raising speculations about BTC reaching $70,000 in the near future.

Source: cryptonews.com ↗

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