Bitcoin price taps $21.3K ahead of Fed Chair Powell Jackson Hole speech
Daily lows greet Bitcoin traders as markets await fresh macro cues from the Fed. Bitcoin (BTC) fell to daily lows on Aug. 26 as market nerves heightened into new macro triggers.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewPre-Fed blues hit BTC marketsData from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $21,332 on Bitstamp ahead of fresh commentary from Jerome Powell, Chair of the United States Federal Reserve.Part of the Fed’s Jackson Hole annual symposium, Powell was set to deliver a speech on the day that spectators hoped would provide new cues on....
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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....
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 […]
Responding to Federal Reserve Chairman Jerome Powell's comments at Jackson Hole through a Bitcoin lens.
Bitcoin was trading close to $20,000 to start the weekend, as traders reacted to comments from U.S. Fed Chair Jerome Powell during Friday’s Jackson Hole summit. Powell warned that “there will be some pain ahead,” as the Fed attempts to bring the rate of inflation down. Ethereum was below $1,500 on Saturday. Bitcoin Bitcoin (BTC) was trading lower for a second consecutive session, as the token dropped below $21,000 to start the weekend. Following a high of $21,804.91, bitcoin moved closer to the $20,000 level, falling to an intraday low of $20,020.94. The move comes as....
On Friday, Jerome Powell spoke at the annual Jackson Hole Economic Symposium and the Federal Reserve chair explained that the U.S. central bank is focused on fighting the country’s red-hot inflation. Powell stressed at the event that strict monetary policy is necessary, and his commentary hinted that the Fed won’t hit the brakes on monetary tightening until inflation is tamed. Fed Chair Jerome Powell Says US Central Bank’s Inflation Policy Could Bring ‘Some Pain to Households and Businesses’ Jerome Powell had a lot to say on Friday while the Fed’s....