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Bitcoin Falls 3.8% to $110,063 as Powell Signals Extended Rate Pause
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Debashree Patra11-1

Bitcoin Falls 3.8% to $110,063 as Powell Signals Extended Rate Pause

Bitcoin declined 3.8% to $110,063 on October 28 following Federal Reserve Chair Jerome Powell's indication that the central bank may pause rate cuts through 2025. Ethereum fell 3.6% to $3,853, while XRP dropped 4.1% to $2.51. Despite the selloff, Bitcoin ETFs recorded $202.48 million in net inflows, as Robert Kiyosaki warned of an approaching financial crisis.
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