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Bitcoin’s Bullish Momentum Stalls Amid Fed Chair Powell’s Stagflation Warnings
Bitcoin’s Bullish Momentum Stalls Amid Fed Chair Powell’s Stagflation Warnings
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Bitcoin’s recent upward trajectory faced significant resistance following cautionary remarks from Federal Reserve Chair Jerome Powell regarding potential stagflation risks in the U.S. economy. The cryptocurrency, which had been experiencing a robust rally, saw its gains diminish as investors reacted to Powell’s comments hinting at economic slowdown coupled with persistent inflation. Market participants are now closely monitoring macroeconomic indicators and Fed policy signals, which could dictate Bitcoin’s near-term price action. This development underscores the growing sensitivity of crypto markets to traditional financial narratives and central bank communications.
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