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Benzinga
Benzinga
Business
Vaishali Prayag

What's Going On With Bitcoin Shares Today?

Bitcoin Powell the Federal Reserve US Federal Reserve Crypto
Insider Sales Trade

Bitcoin (CRYPTO: BTC/USD) shares climbed more than 4% Friday to trade above $117,000 as cryptocurrencies surged on fresh signals from the Federal Reserve.

What To Know: Powell acknowledged persistent inflation concerns but also highlighted weaknesses in the labor market, a combination that investors took as a dovish tilt in policy. His comments reignited risk appetite across financial markets, with cryptocurrencies seeing some of the strongest gains.

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