BTC Hits $84K Again: Powell’s Speech & Market Reaction

Bitcoin saw a recovery early Thursday after dropping due to Fed Chair Jerome Powell’s speech.

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According to CoinDesk, BTC is up 0.8% in 24 hours — regaining momentum after Wednesday’s dip.

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At the Economic Club of Chicago, Powell hinted the Fed won’t cut interest rates soon — impacting both crypto and stocks.

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BTC and equities dropped briefly as investors realized rate cuts aren't coming yet.

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Bitcoin often performs better when interest rates are low — making borrowing cheaper and investment in risky assets more appealing.

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The Fed’s “higher for longer” rate policy is keeping traders cautious — limiting immediate crypto surges.

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Despite near-term volatility, many believe Bitcoin's fundamentals and growing adoption will keep upward momentum in 2025.

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Upcoming Fed meetings and inflation data releases will play a big role in crypto market direction.

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Bitcoin’s Evolution Beyond Digital Gold

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