The Federal Reserve Just Delivered Fantastic News for Crypto Investors. Which Cryptos Should You Buy?
The Federal Reserve's hawkish disposition may have just softened.
Overview
On July 1, new Federal Reserve Chair Kevin Warsh told a European central bank panel that "inflation risks have come down."
That single line sent the crypto market scrambling. Bitcoin (CRYPTO: BTC) reclaimed $60,000 more or less immediately, and the entire sector bumped upward.
Details
But before treating Warsh's statement as the pivot out of the bear market that crypto has been waiting for, let's unpack the broader context of the comment and determine whether it's worth changing your portfolio's positioning.
Source
Originally published at www.fool.com.
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