Bitcoin Nears $60,000 as Fed Chair Signals Easing Inflation Risks

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Bitcoin climbed toward the $60,000 mark following remarks by Federal Reserve Chair that inflation risks have diminished. The Fed chair reaffirmed the central bank's ongoing commitment to its 2% inflation target. He also noted that artificial intelligence could significantly reshape both the broader economy and the approach to monetary policy. The comments appeared to boost investor sentiment, contributing to upward momentum in crypto markets.

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