XRP and BTC Prices Spike Amid Rumors of Powell's Resignation
Main Idea
Cryptocurrency prices, including Bitcoin and XRP, surged due to rumors of Federal Reserve Chair Jerome Powell's resignation, though the rumors were later debunked.
Key Points
1. Bitcoin (BTC), XRP, and other major tokens saw price increases following rumors of Powell's resignation spreading on social media.
2. The rumors were later confirmed to be false, but the market reaction still pushed Bitcoin toward the $120,000 level.
3. Some analysts argue that removing Powell prematurely could undermine the Federal Reserve's independence.
Description
Is Federal Reserve Chair Jerome Powell actually on track to resign?
$XRP
$3.3044
-5.84%
$BTC
$118204.0
-0.58%
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