The global crypto market cap is now at $1.09 trillion, a 3.88% increase over the previous day. Bitcoin’s price has surpassed the $24,000 barrier. Inflation in the world’s largest economy has begun to slow, according to Jerome Powell. In 2023, Bitcoin reaches $24,000 for the first time.
According to Fed Chair Jerome Powell, 50% of inflation is in a “disinflationary” phase. The US Federal Reserve did not indicate that it is nearing the end of its rate hike cycle, but it expects inflation to fall soon.
Bitcoin spikes above $24K as Fed chair Powell talks of ‘disinflation’
