Key Reasons Behind Bitcoin (BTC) Price Spike

US inflation cooled significantly in June, and Bitcoin is now inching close to reclaiming the $60,000 level

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Earlier this week, Federal Reserve Chair Jerome Powell said that the Fed had made"significant progress" in tackling inflation in his prepared testimony for US Congress. However, Powell has also warned that keeping the restrictive monetary policy in place could damage the economy. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption.

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