Category: Jerome Powell

Bitcoin weekly outlook: Why a $50K-retest is likely ahead of Friday’s US jobs data

Bitcoin weekly outlook: Why a $50K-retest is likely ahead of Friday’s US jobs data

The heavy selling in the U.S. dollar market at the end of last week assisted Bitcoin (BTC) to climb above $49,000. However, BTC struggled to extend its climb above $50,000, a psychological resistance level, as investors remained cautious about the Federal Reserve’s taper timing.  Bitcoin corrects after logging its week-to-date high of $49,667. Source: TradingView.com […]

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Major Meeting of Central Banks Produces Same Old ‘Evaluating’ CBDCs Refrain

Major Meeting of Central Banks Produces Same Old ‘Evaluating’ CBDCs Refrain

Oct 19, 2020 at 14:53 UTCUpdated Oct 19, 2020 at 15:17 UTC Federal Reserve Chairman Jerome Powell (Wikimedia Commons) Major Meeting of Central Banks Produces Same Old ‘Evaluating’ CBDCs Refrain Central bankers continued to evaluate the merits, or lack thereof, of a digital currency (CBDC), explaining that digital innovation has its benefits but policy considerations […]

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