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Bitcoin Drops to Nearly $19K as Fed Renews Inflation Warnings

CoinDesk LogoCoinDesk1 mo ago

Bitcoin Drops to Nearly $19K as Fed Renews Inflation Warnings

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Central bank leaders warned Wednesday that inflation is going to be longer lasting.

About a week ago, his comments suggested rate hikes could soften before next year.U.S.equity market futures fell following Powell’s comments, with S&P 500 futures losing 1.59% and those on the tech-heavy Nasdaq 100 falling 1.9%.

CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.


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Article Details

Author / Journalist: Shaurya Malwa

Category: Crypto

Topics: Bitcoin Markets Trading

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 10:23:23

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Reading Time: 5 minutes read

Article Length: 784 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 22572

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About CoinDesk

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Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 22 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #8

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