Bitcoin, Ethereum, Dogecoin Take A U-Turn As Jerome Powell’s Statements Dampen Rate Cut Expectations: Analytics Firm Explains Why BTC Bull Market Has Not Yet Ended – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

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Leading cryptocurrencies pulled back Thursday as Federal Reserve Chair Jerome Powell’s remarks poured cold water on rate cut optimism.

CryptocurrencyGains +/-Price (Recorded at 7:30 p.m. ET)Bitcoin BTC/USD-2.23%$88,282.07Ethereum ETH/USD -3.55%$3,091.21Dogecoin DOGE/USD -4.46%$0.3726

What Happened: Bitcoin rose past $91,000 early morning hours, only to slip below $88,000 after the market close, resulting in more than a 2% decline over the last 24 hours.

Ethereum sharply descended from $3,240 to $3,040 over the day. Over the week, the second-largest cryptocurrency gained 3.89%, significantly trailing its senior partner, which was up…