Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Jaya60 on August 27, 2022, 08:02:00 PM
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BTC and ETH fell precipitously after Fed Chair Jay Powell’s remarks in Jackson Hole on Friday. Bitcoin (BTC) continued its bearish action on Friday night and slipped below the key $20,000 mark to $19,907, according to CoinMarketCap. It's a monthly low for August and the first time Bitcoin went below $20k since July 14.
The top cryptocurrency has been in free fall since Federal Reserve Chair Jerome Powell’s remarks in Jackson Hole about raising interest rates further to control raging inflation.more info (https://decrypt.co/108414/bitcoin-slips-below-20000-after-fed-chairs-comments-in-jackson-hole)