Here’s What to Do Now as Bitcoin Price Back Above $64K Again?

Quick Summary:

Bitcoin price shed close to $1,000 during the last hour alone, even though sticking above the $64,000 price mark so the correction in the cryptocurrency market is probably just short-term.

It was a relatively big drop before the most awaited speech of the US Federal Reserve Chairman Jerome Powell at Nashville, Tennessee.

He further said general economic conditions are appropriate for additional disinflation, adding the job market “is now roughly in balance” with longer-run inflation expectations “well anchored.

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Article Details

Author / Journalist: Teuta

Category: Crypto

Markets: IndiaChinaCroatiaHong KongUnited States

Topics: 24/7 Cryptocurrency News Jerome H. Powell Bitcoin News Bitcoin price Bank of China

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-30 @ 19:21:46 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 1006 words

Reading Time: 6 minutes read

Sentences: 58 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22802926

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