Bitcoin rose to $59,000 after statements by the Federal Reserve Chair
📈 The price of the leading cryptocurrency returned to levels above $59,000 against the backdrop of Federal Reserve Chair #JeromePowell 's remarks in the Senate.
⬆️ #Bitcoin❗ 's quotes increased by 3.3% over the day. The market capitalization grew by 2.5% and reached $2.23 billion.
👀 During hearings at the Banking Committee, Powell stated that the U.S. economy is "no longer overheated" and the labor market has "cooled significantly" compared to the pandemic era.
According to him, arguments in favor of lowering interest rates are becoming increasingly compelling. The inflation rate has improved in recent months, which provides grounds for easing monetary policy, Powell noted. 🧐
