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Risk assets react to Powell comments, IRS tax rule, and first billion-dollar crypto AI agent
Crypto prices showed mixed performance during the last week of December.
The Nasdaq Crypto Index™ (NCI™) dropped by 1. 1%, mainly due to Bitcoin’s decline of 1.
8%, while Ethereum rose by 2.
1% and Solana saw a gain of 6.
2%.
Such mixed performance extends the frustration around Powell’s hawkish suggestion that the current cycle of rate cuts.