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00:38
US Dollar Index DXY falls below 99, down 0.18% intraday
ChainCatcher news, according to Golden Ten Data, the US Dollar Index (DXY) fell below 99, with an intraday decline of 0.18%.
00:38
Powell: Under Investigation for Tying Fed's Rate to Economic Assessment, Not Political Will
BlockBeats News, January 12th, Federal Reserve Chairman Powell Responds to Criminal Investigation. Powell said that the possibility of facing criminal charges is because the Fed's interest rates are based on economic assessments rather than political will. The key question going forward is whether the Fed's rate decisions will continue to be evidence-based or succumb to political influence and coercion. Powell stated that he has always carried out his duties impartially and will continue to do so. While respecting the rule of law, being criminally charged is unprecedented and is seen as a broader threat from the current U.S. government to the Fed.
00:37
Monero price hits a new high, rising to $567
ChainCatcher reported that Monero's price surged above $567 on Sunday, reaching a new all-time high. This increase continues the trend that began at the end of last year, when privacy tokens demonstrated greater resilience than the overall crypto market. Although Monero has surpassed its previous bull market cycle high from 2017 after eight years, Ryan McMillin, Chief Investment Officer at Merkle Tree Capital, stated that since privacy coins are mainly traded on offshore exchanges, the concentration of liquidity may lead to fragmented price discovery and amplify volatility. Investors should be cautious of short-term price manipulation risks.
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