Bitcoin prices and the broader complex of virtual currencies were on the rise and the U.S. dollar was lower Friday, after a speech from the Federal Reserve...
Bitcoin prices and the broader complex of virtual currencies were on the rise and the U.S. dollar was lower Friday, after a speech from the Federal Reserve Chairman Jerome Powell was interpreted as dovish, or less inclined to promote an aggressive tightening of financial conditions.
Powell’s comments may also offer the central bank some wiggle room to see at least one more nonfarm-payrolls report before committing to unwinding easy-money policies as the coronavirus delta variant spreads. Equity markets have rallied, with the S&P 500 index SPX, +0.94% and the Nasdaq Composite Index COMP, +1.32% scaling new heights and the Dow Jones Industrial Average DJIA, +0.73% not far from its own record highs.
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