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Bitcoin’s Price Response to Powell’s Statements
Bitcoin, the leading cryptocurrency by market capitalization, saw a nearly 8% decline in its price in the weekly chart, settling at approximately $63,941. This dip coincided with Powell’s statements regarding the future trajectory of interest rates.
UK Finance, the trade association representing the UK banking and financial services industry, is spearheading a pioneering pilot program aimed at leveraging crypto and blockchain technology to track financial transactions.
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As more and more of the biggest investing organizations begin to provide the funds to their clients, crypto ETFs are becoming more and more popular.
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