Crypto: Bitcoin jumps 3% after Powell says ‘disinflation’ underway

Crypto: Bitcoin jumps 3% after Powell says ‘disinflation’ underway

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Bitcoin jumped 3% after the Federal Reserve on Wednesday raised its key interest rate by a quarter of a percentage point, but signaled that only “a couple more” rate increases may be needed before the central bank takes a pause on its fight against inflation. The largest cryptocurrency BTCUSD,…

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