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Bitcoin Breaks $11.8K on Jerome Powell Speech; Is Rally Sustainable?

Bitcoin Breaks $11.8K on Jerome Powell Speech; Is Rally Sustainable? –

A Jerome Powell speech on central bank digital currencies (CBDC) was enough to decouple Bitcoin from traditional asset markets. The benchmark cryptocurrency surged above $11,800 in the hours leading up to the Federal Reserve chairman’s cautious remarks on CBDCs at a panel organized by the International Monetary Fund.