Powell
Bitcoin Gets A Price Boost From Fed Chair Jerome Powell
Key points: Bitcoin returns to $116,000 after gaining over 2% in minutes thanks to “dovish” comments from Fed Chair Jerome Powell. Powell’s Jackson Hole speech cemented the odds of an interest-rate cut next month. Risk assets and crypto rose immediately, while US dollar strength fell. Bitcoin (BTC) spiked to $116,000 on Friday as the US […]
Crypto Market correction driven by investor ‘fear spikes’ ahead of Powell speech
Cryptocurrency investors are bracing for the US Federal Reserve’s annual gathering in Jackson Hole on Friday, where Chair Jerome Powell’s remarks may provide key signals on interest rate policy heading into September’s Federal Open Market Committee meeting. Bitcoin (BTC) briefly fell to $112,565 on Wednesday, a two-week low last seen on Aug. 3, Cointelegraph data […]