Bitcoin posts biggest gains in 6 months as price rises

Bitcoin posts biggest gains in 6 months as price rises

BTC’s 10% gain outpaced ETH’s gain of 4.5%, which is an anomaly given ETH’s outperformance since July. Most risky assets were higher for the day as traders appear to be shrugging off aggressive comments from Federal Reserve Chairman Jerome Powell about inflation. However, Bitcoin’s outperformance against other risky assets on Friday means traders view BTC’s recent sell-off as exaggerated.
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