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Bitcoin Rises Above $48K as Dollar Drops After Powell’s Dovish Comments

No news is good news for the bitcoin market as the Fed chairman avoids specifying a “tapering” time frame at virtual Jackson Hole symposium.

Bitcoin price chart over past week shows  jump on Friday after Fed Chair Jerome Powell's speech at Jackson Hole.
Bitcoin price chart over past week shows jump on Friday after Fed Chair Jerome Powell's speech at Jackson Hole.