Bitcoin Price Drops as Powell Signals Delay in Interest Rate Cuts

Bitcoin’s (BTC) price has dropped by 1% to approximately $62,900, coinciding with Federal Reserve Chairman Jerome Powell’s recent statements regarding the future of interest rates. Speaking at the panel discussion on Tuesday, Fed Chair Powell underlined the necessity of persisting in restrained monetary policy, which was justified by the limited progress in reaching the Fed’s The post Bitcoin Price Drops as Powell Signals Delay in Interest Rate Cuts appeared first on CoinGape .