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Zenger
Zenger
Mehab Qureshi

Why Bitcoin, Ethereum, And Dogecoin Are Heading Lower Today Despite Powell’s ‘Very Very Good’ Remarks On Inflation

Jerome Powell Bitcoin Ethereum Inflation Crypto the Federal Reserve US Federal Reserve
Major cryptocurrencies experienced a significant decrease in value on Wednesday evening, following hawkish remarks made by Fed Chair Jerome Powell during a press conference.  PHOTO BY ART RACHEN/UNSPLASH

Major cryptocurrencies experienced a significant decrease in value on Wednesday evening, following hawkish remarks made by Fed Chair Jerome Powell during a press conference. 

The Federal Reserve decided to maintain its current monetary policy on Wednesday, keeping the range for its benchmark interest rate unchanged at 5.25% to 5.50%.

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