Yellen Confirms Stock Dip is Temporary, Bitcoin Stays Resilient

U.S. Treasury Secretary Janet Yellen has downplayed recent stock market declines, asserting their short-term nature and emphasizing a focus on long-term economic stability. Despite this decline, Bitcoin showed resilience, maintaining its position above $83,000 as investors remain cautiously optimistic. 24-hour trading volume for Bitcoin decreased by 36.74%, while analysts at CoinMarketCap note the currency’s 19.35% decline over 90 days, indicating a shift in market conditions. Notably, whale activity has been observed on Solana networks.