Bitcoin remains subdued as gold races to new record above $5,400 following Jerome Powell remarks

Bitcoin's price remains relatively stable as gold reaches a new record high above $5,400, following comments made by Federal Reserve Chair Jerome Powell. Powell's remarks have influenced market sentiment, leading to increased interest in gold as a safe-haven asset. In contrast, Bitcoin has not experienced significant movement, reflecting a cautious stance among investors. The divergence in performance between gold and Bitcoin highlights the ongoing volatility and uncertainty in the cryptocurrency market.

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