Fed Chair Powell’s Rate Cut and Bitcoin Ownership Remarks Trigger Market Commotion

Crypto and stock markets have crashed following statements made by the chair of the US Federal Reserve, Jerome Powell, on Wednesday.  The Dow Jones Industrial Average dropped by 1,100 points, the S&P 500 was down by close to 3% and the Nasdaq composite tumbled by more than 3.5%, while Bitcoin dropped 5%, Ethereum and Solana […]

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