A modest manifested himself in a possible challenge of the level of $ 86,000 quickly reversed during the negotiation hours of the American afternoon on Wednesday when the president of the Federal Reserve, Jerome Powell, warned about the effects of the tariff regime of President Trump.
“The level of rate increases announced so far is significantly greater than expected,” Powell said in a speech. “It is likely that the same is true for economic effects, which will include greater inflation and slower growth.”
In other words, stagflation, a setback to a considerable part of the 1970s when the United States experienced a weak economic activity along with two -digit inflation.
“We can find ourselves on the challenging stage in which our double society objectives are in tension,” Powell continued.
The price of Bitcoin (BTC) fell around 2.5% in the acts after Powell’s comments, now contributing to $ 83,700, 1.5% less in the last 24 hours.
The American existences, who had been trying to set up a return of the opening of the decreases, were also beaten, the Nasdaq fell 3.4% to a minimum of session.
