Why Cryptocurrency Market Rallied After Powell’s Speech

Bitcoin experienced a nearly 5% boost as last week ended, reflecting a broader rally in the cryptocurrency market. The surge follows remarks from the Federal Reserve chair, Jerome Powell, on Friday, where hints of potential interest rate cuts sparked excitement among investors.

In his address, Powell highlighted that the job market has begun to show signs of easing, remarking that the conditions are currently less tight than they were prior to the pandemic. He added that the shift…

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