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Bitcoin ($BTC) falls after hawkish comments from Fed chairman Powell Crypto Daily 15 Nov 2024

Bitcoin ($BTC) falls after hawkish comments from Fed chairman Powell 📉

The market faced a setback following Fed Chairman Jerome Powell's remarks on Thursday, which indicated that a December rate cut might not occur. This deviated from previous expectations of a rate cut.

As a result, stocks experienced a downturn, and Bitcoin ($BTC) saw a deeper retracement. However, it began to recover early on Friday, providing some relief to investors.

Source: cryptodaily.co.uk ↗

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