Major cryptocurrency surged on Thursday evening, despite hawkish comments from Minneapolis Fed PresidentNeel Kashkari.
| Cryptocurrency | Gains +/- | Price (Recorded 12:00 a.m. EDT) |
| Bitcoin (CRYPTO: BTC) | +3.39% | $67,836 |
| Ethereum (CRYPTO: ETH) | +0.57% | $3,298 |
| Dogecoin (CRYPTO: DOGE) | +1.42% | $0.17 |
What Happened:Bitcoin, which dropped to as low as $65,000 overnight, surged during much of the U.S. day, reaching a high point of over $69,000 at one stage.
"If we continue to see inflation moving sideways, then that would make me question whether we [need] to do those rate cuts at all," said Kashkari during a virtual event on LinkedIn.
Given that Kashkari has been one of the more hawkish members of the Fed, his comments shouldn't have come as a complete surprise, but they...
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