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Bitcoin’s Bullish Momentum Stalls Amid Fed Chair Powell’s Stagflation Warning
Bitcoin’s Bullish Momentum Stalls Amid Fed Chair Powell’s Stagflation Warning
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Bitcoin’s recent upward trajectory faced significant resistance following remarks by Federal Reserve Chair Jerome Powell, who expressed concerns about potential stagflation in the U.S. economy. The cryptocurrency, which had been rallying strongly, saw its gains trimmed as investors weighed the implications of Powell’s cautious tone. Market participants are now closely monitoring macroeconomic indicators and Fed policy signals, which could dictate Bitcoin’s near-term price action. The interplay between inflationary pressures and slowing growth remains a key risk factor for crypto assets.
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