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Bitcoin Volatility Amplifies as Fed Chair Speaks at Jackson Hole

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ntamang50
Published on Aug 27, 2022
https://cb.run/aNT7 Bitcoin Volatility Amplifies as Fed Chair Speaks at Jackson HoleFederal Reserve chairman Jerome Powell spoke about FOMC’s future goals at the annual Jackson Hole symposium on Friday. He said that FOMC’s overarching directive remains to bring inflation back down to 2%, which “will likely require maintaining a restrictive policy stance for some time.”  After a preliminary pump, Bitcoin’s price swung wildly following his comments. Trading at $21,234 at 12:30 UST on Friday, Bitcoin quickly pumped to $21,819 by 13:05 UST – just an hour before Powell’s comments. Bitcoin then dipped to $21,433 as the chairman delivered his remarks. It then bounced back up again to $21748 by 14:09, and...
Source: https://cryptopotato.com/bitcoin-volatility-amplifies-as-fed-chair-speaks-at-jackson-hole/

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