Bitcoin rises above $23,000 after Fed Chair Powell says inflation is coming down
Publishing timestamp: 2023-02-07 17:03:45
Summary
Bitcoin rose above $23000 after Federal Reserve Chair Jerome Powell said inflation is coming down. Ether also rose 1.3%. Yields and dollar index tend to move inversely to crypto, and after climbing about 40% to start the year, bitcoin has hit a speed bump in the past week.
Sentiment: POSITIVE
Tickers: BTC.CM=,
Keywords: bitcoin/usd coin metrics, jerome powell, economic events, investment strategy, bitcoin, business news, markets,