Tether, Powell Testimony And Bitcoin Hegemony
On this "Fed Watch," the hosts discussed Tether FUD, Jerome Powell's latest speech and bitcoin price action.Listen To This Episode:AppleSpotifyGoogleLibsynOvercastIn this episode of Bitcoin Magazine’s “Fed Watch” podcast, hosts Christian Keroles and Ansel Lindner gave an update on bitcoin’s price action over the last two weeks, spoke about the Tether settlement with the NYAG, provided expert commentary on Chairman Powell’s recent testimony and dove deeply into how bitcoin fits into the macro landscape.Bitcoin’s price action has been quite volatile, but bitcoiners are used to that. After....
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Testimony from the Fed Chair provides no surprises while risk assets meander on the Wall Street open. Bitcoin (BTC) checked losses while United States equities drifted down on June 22 as the Federal Reserve kept quiet on monetary policy.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewPowell keeps quiet on Fed movesData from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $20,500 at the June 22 Wall Street open.The pair had wicked below the $20,000 mark overnight before recovering, still down from the previous day's $21,700 highs.Markets braced for....
An overnight price correction in the Bitcoin market after the Federal Reserve Chairman Jerome Powell's testimony paused midway as Elon Musk came to the rescue.
The US Securities and Exchange Commission (SEC) has taken legal action against Elon Musk, the billionaire entrepreneur and Dogecoin supporter, seeking to compel his testimony regarding the acquisition of Twitter. SEC Fires Legal Salvo At Elon Musk Attorneys representing the SEC alleged that Musk failed to appear for a scheduled testimony on September 15, violating […]
Bitcoin has taken another hit. The first cryptocurrency by market cap lost support in the high area around $30,000 and currently struggles to maintain to the mid area. At the time of writing, BTC trades at $36,120 with losses across the board. Bitcoin has negatively reacted to the announcements made by Jerome Powell, Chairman of […]
The Federal Reserve chairman sidelined inflation concerns, which appears to have coincided with a relief bounce for Ethereum. Ethereum's native token Ether (ETH) reclaimed $2,000 in the early New York trading hours Wednesday as crypto traders assessed the Federal Reserve Chairman Jerome Powell's prepared congressional testimony.The ETH/USD exchange rate surged 7.19% to reach its intraday high of $2,019.90. Likewise, Bitcoin (BTC), whose 7-day positive correlation with Ether stands at 0.84 above zero, climbed, albeit by a modest 0.75%, hitting $32,379.Ether bounces of key support area....