Category: Jerome Powell

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

August 29, 2021

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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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Fed chair met with Coinbase CEO Brian Armstrong and former House speaker in May

July 2, 2021

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Armstrong said he had spoken about China’s central bank digital currency with lawmakers and heads of federal agencies, believing it to be “a threat to U.S. reserve currency status long term.” 3711 Total views 7 Total shares Prior to the Federal Reserve announcing it would release a discussion paper on a central bank digital currency, […]

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China’s 3rd largest bank ‘rugs’ BTC: 5 things to watch in Bitcoin this week

June 21, 2021

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Bitcoin (BTC) is lower going into a new week’s trading — Monday has seen a test of levels below $33,000 and bulls are struggling. What could be next? With bullish short-term voices few and far between, it seems that cryptocurrency just isn’t of interest to investors right now. Against a backdrop of macro market uncertainty, […]

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Bitcoin price bounces at $50K amid 4-month highs for DXY

March 25, 2021

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Bitcoin (BTC) fell to its lowest level since March 8 on Thursday as U.S. dollar strength added to selling pressure near $60,000. BTC/USD 1-day candle chart (Bitstamp). Source: Tradingview BTC price saved from $40,000 zone Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD testing $50,000 for the first time since sealing the level as support […]

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Bitcoin is ‘more a substitute for gold than the dollar’ — Fed Chair Powell

March 22, 2021

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Jerome Powell reiterates his opinion about Bitcoin as a gold substitute, but a sell-off accompanies his other criticisms. 16153 Total views 64 Total shares While Bitcoin (BTC) is too volatile to be money and is “backed by nothing,” it could be a “substitute for gold,” said the chair of the United States Federal Reserve. Speaking […]

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Fed’s Powell Wins Forbes’ Crypto Person of the Year Honors; Do They Give Awards for Snark?

December 27, 2020

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Dec 27, 2020 at 12:48 a.m. UTCUpdated Dec 27, 2020 at 1:29 a.m. UTC Fed’s Powell Wins Forbes’ Crypto Person of the Year Honors; Do They Give Awards for Snark? U.S. Federal Reserve Chairman Jerome Powell is the winner of Forbes’ inaugural “Person of the Year in Crypto” award, an honor for which the central […]

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

October 19, 2020

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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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