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CoinGape

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Business & Economics

Bitcoin, ETH, and Dogecoin crash following Powell’s hawkish speech

CoinGape
Summary
Nutrition label

51% Informative

Bitcoin, ETH , XRP , and Dogecoin have suffered significant price declines following a crypto market crash.

This occurred following the Federal Reserve Chair Jerome Powell ’s testimony before the Senate Banking Committee .

Powell said that the US Central Bank is in no hurry to cut rates.

The Bitcoin price could quickly dropped below the $ 97,000 support level and is at risk of dropping below $ 95,000 .

VR Score

25

Informative language

14

Neutral language

15

Article tone

formal

Language

English

Language complexity

46

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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