Bitcoin’s price fell by the most in a week after U.S. Federal Reserve Chair Jerome Powell acknowledged he “would be concerned” by tightening financial conditions because rising U.S. government bond yields put upward pressure on borrowing costs.
Bitcoin was trading around $48,204 as of 21:15 UTC (4:15 p.m. ET). Declining 4.5% over the previous 24 hours . Bitcoin’s 24-hour range: $47,578-$51,781.
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