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FED chief Powell says they will cut interest rates, and then crypto drops like a stone. Money moving back from crypto to stocks?

FED chief Powell says they will cut interest rates, and then crypto drops like a stone. Is this correlated? Money moving back from crypto to stocks? Usually, that kind of relationship is between gold and stocks. Maybe crypto has really started replacing gold and precious metals. ​ What are your thoughts? Is today's drop related to Powell's testimony in Congress? submitted by /u/PlayCryptoCards_com [link] [comments]...

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Published By: Reddit - 10-07-2019