BTC rises over $500 after Fed Chair Powell speech
Bitget data shows that BTC has moved $500 higher in the short term and is now at $61,750, up 2.08% in 24 hours, while ETH has moved higher in the short term and is now at $2,681, up 2.82% in 24 hours.
According to market news, the Wall Street Journal said Federal Reserve Chairman Jerome Powell sent the strongest signal yet for a rate cut, as he said the Fed intends to take action to avoid further weakness in the U.S. labor market.
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