The price of Bitcoin dipped below $20,000 last week, falling as low as to $19,600.79 on Friday, following bearish remarks from Federal Reserve Chair Jerome Powell about raising interest rates again to counter inflation. As of July, the U.S. inflation rate was 8.5%, having gained a full percentage point since the start of the year and up from 5.4% the same time last year, according to the U.S. Bureau of Labor Statistics.