9 HOURS AGO HOW THE BITCOIN MARKET REACTED TO FEDERAL RESERVE COMMENTS ON ONGOING INFLATION

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9 HOURS AGO HOW THE BITCOIN MARKET REACTED TO FEDERAL RESERVE COMMENTS ON ONGOING INFLATION • Virtuse Exchange

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9 HOURS AGO HOW THE BITCOIN MARKET REACTED TO FEDERAL RESERVE COMMENTS ON ONGOING INFLATION

by Virtuse Admin

2. December 2021

9 HOURS AGO HOW THE BITCOIN MARKET REACTED TO FEDERAL RESERVE COMMENTS ON ONGOING INFLATION

In the Daily Dive #102, we highlighted the rising DXY (U.S. Dollar Currency Index) in 2021 and the negative impact it can have on bitcoin’s price. Today, with Federal Reserve Board Chair, Jerome Powell, talking about the rising risk of persistently high inflation in the United States and a potential accelerated taper, DXY, SPX and bitcoin markets immediately reacted. The DXY jumped over 1% with both the S&P 500 Index and bitcoin falling in tandem.

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