Bitcoin Stays Flat While Fed Chair Speaks About Money Policy
Major cryptocurrencies could not break higher on Tuesday. Stock markets also moved down from their best levels.
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Cryptocurrencies had a difficult day on Tuesday. Bitcoin fell below $112,000 and Ethereum stayed stuck between $4,100-$4,200. Trading was much lower than usual.
The market lost $260 million in liquidations during 24 hours. Fed Chair Jerome Powell said monetary policy depends on economic data. He talked about the challenge of keeping prices stable and employment high.
Most traders expect a 0.25% rate cut next meeting.
Original Article
benzinga.comhttps://www.benzinga.com/crypto/cryptocurrency/25/09/47833521/bitcoin-flat-as-jerome-powell-flags-fed-dilemma-ethereum-dogecoin-xrp-also-stuck-analyst-fo