Throwing Shade
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Dove, Actually. U.S. Federal Reserve Chair Jerome Powell’s dressing down of inflationary angst on Wednesday didn’t do the trick. Treasury yields hit some of their highest levels above 1.75% amid rising concerns of the Fed letting inflation run free. The price of BTC is now taking a breather after briefly touching the $60k ceiling. The broader trend suggests that the momentum of the crypto market is gradually slowing down with volatility drying up and price action side-stepping.