The price of bitcoin (BTC) dropped approximately 1.5% to $88,300 after Federal Reserve Chairman Jerome Powell made comments. As of the latest update, the price had decreased further to $88,000, marking a 3.2% decline over the past 24 hours. Ether (ETH) also experienced a similar drop in value. Despite this, the broader CoinDesk 20 Index saw a 0.5% increase during the same period. Notably, Ripple’s (XRP) price surged by 13%, possibly in response to Securities and Exchange Commission Chair Gary Gensler’s recent statements that could suggest his departure from the position following the Trump administration’s victory.
