Bitcoin Swings Wildly as Fed's Powell Straddles Labor Market and Inflation Issues
Yahoo Finance·2025-12-11 04:37

Bitcoin (BTC) spiked above 94,000andthenquicklyretreatedasFedChairJeromePowellsoundedbothdovishandhawkishafterthecentralbankdelivereda25basis−pointratecutonWednesday.Swingingaround94,000 and then quickly retreated as Fed Chair Jerome Powell sounded both dovish and hawkish after the central bank delivered a 25 basis-point rate cut on Wednesday. Swinging around 92,000 for most of the day, BTC jolted to 94,400asPowell—inhispost−meetingpressconference—emphasizedrisksofapossiblyweakerthanthoughtlabormarket,beforegivingbackmostofthegainsafterhesaidthebattleovertoo−highinflationisfarfromover.Recently,BTCfellto94,400 as Powell — in his post-meeting press conference — emphasized risks of a possibly weaker than thought labor market, before giving back most of the gains after he said the battle over too-high inflation is far from over. Recently, BTC fell to 92,0 ...