Powell's Last Jackson Hole Speech Could Be a Big 1
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Bitcoin dipped below $113K as traders brace for Powell’s Jackson Hole speech, with select high cap altcoins securing profits.
Bitcoin rose more than 2% on Friday after Federal Reserve Chair Jerome Powell signaled it may be time to cut interest rates amid mounting concerns about the labor market during his speech at the central bank’s Jackson Hole symposium.
Crypto traders had been preparing in recent days for a more-hawkish tone from Fed Chair Jerome Powell's highly anticipated speech in Jackson Hole.