Major cryptocurrencies rose on Wednesday evening as the U.S. Federal Reserve Chair Jerome Powell adopted a dovish tone and the central bank stuck to its projection for three rate cuts this year, even in the face of higher-than-anticipated inflation figures. What Happened: Bitcoin reached a high of $67,800, showing a more than 10% recovery from levels seen just hours earlier. Ethereum also bounced back from a 8% dip earlier in the day, which was sparked by news reports about the Ethereum Foundation facing a confidential inquiry from an unnamed government and the SEC considering classifying the …
