Crypto Surges After Powell Says It Has “Staying Power As An Asset Class”
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Cryptocurrencies in the top ten by market capitalization, excluding stablecoins, are all gaining by at least 2%, including a more than 7% increase by Cardano’s ADA and an almost 5% gain by Solana’s SOL.
The cryptocurrency market is rallying after Federal Reserve Chair Jerome Powell said it has “staying power” and as Wall Street institutions move forward in their efforts to adopt the technology.
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