Bitcoin Stalls as Traders Book Profits Amid Jerome Powell Succession Talks
Wednesday, 16 July 2025 ()
In brief - Bitcoin dropped 4.5% from its all-time high to $117,250 as traders locked in profits and exchange inflows surged. - Sticky inflation and Fed uncertainty added pressure, with June CPI rising to 2.7%, dimming hopes of rate cuts. - Powell’s potential replacement is becoming a political…
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