Bitcoin Price Jumps After Powell Says U.S. Has No Plans to Ban Crypto

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Bitcoin Price Jumps After Powell Says U.S. Has No Plans to Ban Crypto
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Bitcoin and other cryptocurrencies jumped suddenly Friday, a day after Federal Reserve Chairman Jerome Powell said the U.S. didn’t have plans to ban cryptocurrencies

Chinese bitcoin miners have long dominated the global processing power that runs the bitcoin network with sophisticated equipment and access to cheap

electricity. But now, a group of U.S. miners with deep pockets wants to conquer a greater share of the industry. Photo: Adam Chapman for The Wall Street Journal

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