Bitcoin surged by almost 600 points Wednesday after Federal Reserve Chairman Jerome Powell said additional fiscal stimulus is “worth it” to protect the economy. The benchmark cryptocurrency, while rising, broke its correlation intraday with the U.S. stocks, which closed lower. A top crypto analyst said a global market crash could push Bitcoin further higher. Bitcoin prices rose Wednesday after Federal Reserve Chairman Jerome Powell’s defeatist remarks on the U.S. economy supported the perceived hedging asset. […]
