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Cryptocurrency prices fall as investors derisk following hawkish Fed comments
Cryptocurrency prices traded lower on Thursday as the extra time to digest Wednesday’s comments from Fed Chair Jerome Powell about interest rates staying “higher for longer” resulted in investors adopting a risk-off approach. Concerns over how long interest rates will stay elevated also took a toll on stocks, which fell under pressure at the market open and remained under water throughout the trading session. At the closing bell, the S&P, Dow, and Nasdaq all finished in the red, down 1.64%, 1.08%, and 1.82%, respectively. Data provided by TradingView shows that Bitcoin’s (BTC) price stair-stepped lower in ... (full story)
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- Posted: Sep 21, 2023 7:06pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 111
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