Crypto

JP Morgan CEO warns of inflation, Bitcoin reacts negatively to news

by Market News Data

From Investing.com

July 13, 2024 3:30:19 pm:

JP Morgan CEO Jamie Dimon sends warning about inflation, suggesting rates may stay higher than expected. Bitcoin reacts, dipping to February lows amid concerns over Mt. Gox and U.S. borrowing costs. After reaching $74,000 in March, Bitcoin falls 21% to $58,527. Traders decrease expectations for Fed rate cuts, impacting speculative assets.

Read more at Investing.com: JP Morgan CEO Has Warning for Markets, Will Bitcoin Concur? By U.Today

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