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Bitcoin experienced a brief rise following comments from Federal Reserve Chair Jay Powell on July 9, who indicated a dovish stance on monetary policy. Powell's remarks on July 10 highlighted the risks of maintaining high interest rates for too long, which initially boosted Bitcoin prices. However, the prices quickly retreated back to previous levels. Powell's comments also suggested progress in the fight against inflation, which contributed to the market's reaction. Investors should brace for volatility.
ICYMI ��️ - Yesterday’s #Bitcoin Daily Jerome Powell admits the Federal Reserve is caught between a rock and a hard place, leading the market to anticipate a quick pivot. ↪️ Are we on the brink of the next major surge in this bull market? 🚀🚀 🚀 And more... https://t.co/HXQTyLz7tj
Bitcoin Rises After Fed’s Powell Lifts Cryptos With Inflation Talk. Brace for Volatility https://t.co/ywAu6ftA7H
$BTC #Bitcoin rises as Fed Chair Powell outlines risk to keeping rates high too long: https://t.co/re4alb7mTb via CNBC #Crypto World
