Powell stated that the United States is on an "unsustainable path," and that debt will outpace economic growth. He believes that investors will soon doubt the government's ability to repay its debts, leading them to move away from the U.S. dollar in favor of hedging.
I believe that selling pressure on Bitcoin may ease after Powell's statements yesterday, as overall economic factors support the growth of the world's largest cryptocurrency. However, technical factors supporting Bitcoin's decline have started to weaken in the short and
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