Bitcoin Rises to $23.3K as Jerome Powell Repeats ‘Disinflationary Process’ Comment

Fed Likely to Raise Rates by 50 Basis Points in December; Bitcoin Jumps

Nevertheless, bitcoin is ahead by about $300 since the interview began, now trading at $23,300. Traditional markets are also reacting, with the Nasdaq up 1.5% and the S&P 500 by 1.1%; the 10-year Treasury yield is lower by four basis points to 3.61%.

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