US Inflation Slows, Bitcoin Adopts Jerome Powell Hits $24,100

Bitcoin price rose above $24,100 this morning. After most investors in the market accepted the view of Federal Reserve Chairman Jerome Powell (Fed) who announced the results of the meeting that The inflation situation in the United States began to slow down. This might be a sign that the Fed won’t push interest rates as aggressively as it has previously.

coinmarketcap The bitcoin price tracker noted that bitcoin rose 2.4% to its highest this morning, reaching $24,100, while ETH rallied 3%.

The latest Bitcoin (BTC) price data today is ฿779,611 THB with a trading volume within 24 hours of . ฿994,708,404,872 THB. Bitcoin is up 3.56% in the past 24 hours. It continues to rank #1 on the most valuable and popular coins of CoinMarketCap It is currently with a total market value of ฿15,030,413,025,266 THB. It has a circulating supply of 19,279,387 BTC coins and a maximum supply of 21,000,000 BTC coins.

While the top exchanges for trading Bitcoin currently are Binance, BTCEX, Deepcoin, Bybit,

Powell said during a press briefing following the monetary policy meeting yesterday that The inflation situation in the United States began to slow down. which from inflation That disinflationary decline in the United States is now beginning to reflect.

However, in the future, the Fed may raise interest rates 2-3 more times to pressure inflation to reduce to the 2% target. The Fed will definitely be able to bring inflation pressure back to the target at that level. without causing a severe economic slowdown or cause the unemployment rate to increase significantly

At the same time, the US economy is expected to slow down. gradually or soft landing Although the Fed has used strict monetary control policies in the past

The price of Bitcoin rose to $ 24,167 or regarding 790,255 baht following receiving the results of the Federal Reserve meeting.

Bitcoin's 24-hour coin price is as low as $22,877 and as high as $24,167.

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