news 
Bitcoin and Ethereum have taken a hit after Federal Reserve Chairman Jerome Powell’s recent speech, where he stated that the Fed is not considering Bitcoin and is prohibited from owning it. Yesterday, the Federal Reserve announced a 25-basis-point cut to the federal funds rate, lowering it to a range of 4.25%-4.5%. Following the rate cut, Chairman Powell gave a speech, highlighting that “the US economy is growing at a healthy 2.5% pace, unemployment is low, but inflation forecast is higher and there is uncertainty.”
Source: www.cryptonewsz.com
