Why Powell’s Chilling U.S. Growth Warning Just Sent Bitcoin, Gold Higher

Bitcoin inched near $10,000 while Gold hit a seven-year high after Jerome Powell’s warning about the U.S. growth hit by the coronavirus pandemic. Powell expects economic recovery but only until the end of next year – or until researchers develop a vaccine. Analysts see a growth in demand for Bitcoin as the financial crisis deepens. Bitcoin and Gold climbed higher on Monday after Federal Reserve’s Chairman Jerome Powell warned that the U.S. assets could experience […]

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Author: toutiao