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💫Bitcoin total mining revenue is back at an all-time low of 437
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Chairman Powell from the Fed: -First quarter data did not support the growing confidence in the inflation path the Fed needs to cut interest rates. -High inflation is not the only risk we face. More positive data will strengthen our confidence in inflation. We have made significant progress towards the -2% inflation target, with the latest monthly readings showing modest progress. Chairman Powell from the Fed: -Reducing moderation too soon or too much risks reversing the progress of inflation. -Tight policy helps put downward pressure on inflation. Risks to achieving employment and inflation targets are better balanced. -Labor market conditions have cooled, although they have not overheated and remain strong. #Btc $BTC #Fed
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