Powell Sparks $300M Surge Into Bitcoin Futures Within Minutes At Jackson Hole
Bitcoin had one of its most volatile weeks in recent months, marked by sharp swings that kept both bulls and bears on edge. The leading cryptocurrency surged to a new all-time high near $124,000, only to tumble below the $115,000 level within days. This swift reversal highlighted the fragility of momentum in overheated conditions but […]
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Responding to Federal Reserve Chairman Jerome Powell's comments at Jackson Hole through a Bitcoin lens.
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 […]
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....
Bitcoin price dropped about 5% to $20,822 after Federal Reserve Chairman Jerome Powell spoke at Jackson Hole, Wyoming, on Friday, stating that the central bank will “use its instruments decisively” and it will take time to combat inflation. Powell talked briefly during the event and discussed the significance of price stability. He stated that it is […]
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....