Bitcoin Rebounds Above $62,000 as Powell Hints at Policy Shift
Bitcoin Rebounds Above $62,000 as Powell Hints at Policy ShiftOn August 23, Bitcoin prices surged, reclaiming the $62,000 level with gains exceeding 3% for the day. Meanwhile, Federal Reserve Chair Jerome Powell, speaking at the Jackson Hole Economic Symposium, signaled that the time for a policy shift is approaching
Bitcoin Rebounds Above $62,000 as Powell Hints at Policy Shift
On August 23, Bitcoin prices surged, reclaiming the $62,000 level with gains exceeding 3% for the day. Meanwhile, Federal Reserve Chair Jerome Powell, speaking at the Jackson Hole Economic Symposium, signaled that the time for a policy shift is approaching. Markets widely interpreted Powell's remarks as hinting at a reduction in bond purchases in the coming months, which could provide support for risk assets like Bitcoin.
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