Bitcoin And Crypto’s Fate At Jackson Hole? What To Expect
In a few hours, the Bitcoin and financial community will be glued to their screens as Fed Chair Jerome Powell addresses the Jackson Hole symposium at 10:05 am EST. His remarks are anticipated to sway not just traditional markets like stocks and commodities, but also the volatile realms of Bitcoin and crypto. The backdrop for […]
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Responding to Federal Reserve Chairman Jerome Powell's comments at Jackson Hole through a Bitcoin lens.
US Federal Reserve (Fed) Jerome Powell spoke at the annual Jackson Hole Economic Symposium, which has significantly pressured the Bitcoin price. Consolidation has been the new normal for BTC over the past few weeks, but with September around the corner, macroeconomic events are likely to exercise renewed influence. Related Reading: XRP Price At Make-Or-Break Moment, Key Levels To Watch As of this writing, Bitcoin has been hovering around $26,000, but with increasing fluctuations as the Jackson Hole event approaches. All eyes and ears are set on the Fed Chair as he takes center stage and....
Dogecoin co-creator Jackson Palmer has had a busy 2014. The cryptocurrency he helped create — and that coin’s community — has sponsored Olympic athletes and a NASCAR driver, and its popularity skyrocketed in the spring. However, a few events have revealed that not all Shibes are the fun, light-hearted types who formed the community’s core. It’s when this ugliness rears its head that Jackson said he takes a step back. We had a chance to speak with Jackson this week about Dogecoin and his plans for the future. [Full disclosure: Asynchronous email interviews can hop around thematically....
Crypto traders expect a range expansion once the Jackson Hole symposium is complete and the Fed’s perspectives on inflation, interest rate hikes and the health of the economy are made public. Bitcoin (BTC) and several major cryptocurrencies have been trading sideways as traders avoid taking large bets before the United States Federal Reserve's Jackson Hole Economic Symposium, which begins on Aug. 25. The volatility is likely to soar as investors get some clarity on the Fed's stance in the next few days.On Aug. 23, a team led by Goldman Sachs chief economist Jan Hatzius said that Fed chair....
Jackson, Tennessee’s mayor is a fan of bitcoin and he wants the city to become a bitcoin hub in order to entice technology companies and innovation. Jackson’s mayor Scott Conger is in the midst of discussing creating legislation that allows Jackson residents to pay property taxes with bitcoin. Jackson, Tennessee’s Mayor Is a Fan of Bitcoin, He Wonders Why We Accept Inflation Miami mayor Francis Suarez is not the only bitcoiner trying to get bitcoin companies and technological innovation to reside in his city. Jackson, Tennessee’s mayor is also a bitcoin fan and....