Crypto are a ‘speculative asset’, Fed Chair Powell says

Cryptocurrencies are also not a “great store of value,” Powell said at Cato Institute… The post Crypto are a ‘speculative asset’, Fed Chair Powell says appeared first on CoinJournal.

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Bitcoin [BTC]: Should investors expect bullish correction this month

The price of many crypto assets, in the last 30 days, registered bearish retracements from highs logged in July. Furthermore, the hawkish remarks made by Federal Reserve Chair Jerome Powell on 26 AuguThe post Bitcoin [BTC]: Should investors expect bullish correction this month appeared first on AMBCrypto.

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$1.25T Wiped off U.S. Equities Markets After Fed Speech, Losses Surpass Crypto Market Cap

As Chairman of the Federal Reserve Jerome Powell announced tighter measures to bring down inflation, U. S. stocks tanked, with bitcoin briefly hitting a one-month low. The post $1. 25T Wiped off U.

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Ethereum Price Plummets 9% As Fed Chair Passes Hawkish Remarks

The crypto community has witnessed another price plunge after the just concluded Federal Reserve annual meeting. Many investors already anticipated a new turn in asset prices after Jerome Powell spoke on the approach to combat inflation.

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Solana's development activity may be on the rise, but SOL tells a different story

The wreckage has fallen again on Solana [SOL] as the crypto markets laboured in recent days. One of the primary reasons for the latest slaughter is Federal Reserve Chairman Jerome Powell’s latest spThe post Solana's development activity may be on the rise, but SOL tells a different story appeared first on AMBCrypto.

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US stocks lose $1.25T in a day — more than entire crypto market cap

Risk assets take a major blow as Fed Chair Jerome Powell stays firmly hawkish on inflation and monetary policy.

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CryptoSlate Wrapped Daily: Fed’s Powell hawkish on inflation as BTC tumbles, Taliban ban crypto

The biggest news in the cryptosphere for August 26 includes Federal Reserve Chairman Jerome Powell’s indication that recovery from the burgeoning inflation levels is still far from being done, and another stablecoin losing its peg from the United States Dollar as the bear market continues.

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Market Wrap: Bitcoin Slumps to Lowest Level in Over a Month After Powell Affirms Hawkish Monetary Policy

The first cryptocurrency dipped 4.3% to around $20,549, its lowest point since July 16, after the head of the U.S. central bank said the Fed would maintain its restrictive monetary course. This article originally appeared in Market Wrap, CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

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Crypto & Stock Markets React to Fed Chair Powell’s Speech on Upcoming Measures to Fight Inflation 

Fed Chairman Jerome Powell addressed inflation and the steps that will be taken to reduce it in today’s speech in his annual speech at Jackson Hole. The post Crypto & Stock Markets React to Fed Chair Powell’s Speech on Upcoming Measures to Fight Inflation  appeared first on BeInCrypto.

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First Mover Americas: Bitcoin in Stasis Ahead of Powell Speech; Coinbase's cbETH Trades At Discount to Ether

The latest price moves in bitcoin (BTC) and crypto markets in context for August 26, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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Russians turn to crypto to evade restrictions

Bitcoin (BTC/USD) is trading just above the $20k mark after another sell-off. This latest dip follows a broader market reaction to Federal Reserve Chairman Jerome Powell’s monetary policy remarks at Friday’s Jackson Hole economic forum.

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Market Wrap: Bitcoin Price Barely Budges as Traders Await Powell Speech

Bitcoin traded sideways on Thursday as Fed officials speaking during the first day of the central bank’s Economic Symposium were circumspect about an interest rate hike in September. This article originally appeared in Market Wrap, CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

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First Mover Americas: Bitcoin Gains Stall at $22K as Markets Await Powell at Jackson Hole

The latest price moves in bitcoin (BTC) and crypto markets in context for August 25, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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First Mover Asia: Bitcoin Hovers Over $21K in Weekend Trading; India Crypto Industry's Challenging Year

High German inflation and ongoing macroeconomic uncertainty raised market anxieties. Investors will be eyeing comments by Fed Chair Jerome Powell at a central bank symposium in Wyoming.

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Kraken CEO says Tornado Cash sanctions are ‘unconstitutional’

Jesse Powell, the CEO of US-based cryptocurrency exchange Kraken, says the government agency’s move to shut down the crypto mixing service Tornado Cash could be deemed “unconstitutional.

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In Crypto Winter, Jesse Powell’s Pirate-King Leadership Style Might Be the New Normal

Less than 1% of employees have taken the CEO’s buyout offer since he laid down the law on culture. Is Kraken a “based” place to work, or just somewhere to ride out crypto winter?

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Crypto Market Forecast: Week of June 27th 2022

A curated weekly summary of forward-focused crypto news that matters. This week, derivatives dilute the value of Bitcoin, FTX extends a credit line to BlockFi, and Federal Reserve Chairman Powell says crypto needs a "better regulatory framework."

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XRP Leads Crypto Majors Recovery, Bitcoin Rises Over $21K as Rate-Hike Concerns Wane

Technology stocks and equity indexes rallied as investors assessed fresh comments from Federal Reserve Chair Jerome Powell.

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XRP Leads Crypto Majors Recovery; Bitcoin Rises Over $21K as Rate-Hike Concerns Wane

Technology stocks and equity indexes rallied as investors assessed fresh comments from Federal Reserve Chair Jerome Powell.

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Market Wrap: BTC Falls Below $20K as Crypto Bounce Loses Steam

The price of bitcoin and other major cryptocurrencies fell amid testimony by U.S. central bank Chair Jerome Powell, who said a recession might not be avoidable.

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Crypto Market Downside Continues As Fed Remains Hawkish

Crypto markets continued to slide on Wednesday in response to Fed Chair Jerome Powell’s statements late last week. With current macroeconomic concerns and the perceived risk-on nature of digital assets, it may take a while for the markets to recover from the long winter.

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Kraken CEO defends listing LUNA 2.0: ‘Bitcoin traders don't pay the bills’

Kraken’s Jesse Powell came under fire for listing the second-generation LUNA; separately, he railed against TradeFi’s crypto exchange claims.

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Bitcoin, Major Cryptos Slide as Markets Digest Hawkish Powell Remarks

A day after the U.S. Federal Reserve chair pledged to keep tightening monetary conditions until inflation comes down, analysts and traders from crypto to stocks and futures were assessing the economic impact, from higher mortgage rates to lower company earnings.

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Bitcoin Slips Below $40k After Hostile Statements From Fed

Bitcoin, the flagship crypto slipped below $40K after the Federal Reserve Bank of the United States made hostile comments. Powell stated on Thursday that at the upcoming Federal Open Market Committee meeting, the Federal Reserve will consider raising the benchmark interest rate by 50 basis points (0.

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Bitcoin drops to $40K as FED looks for faster rate hikes

Crypto markets fall as Federal Reserve chair Jay Powell states that they need to move “more quickly” in raising interest rates.   Powell also expressed that a “0. 5 percentage point interest rate increase was on the table in May.

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US Treasury Secretary still skeptic about cryptocurrencies

Janet Yellen, the US Secretary of State, has expressed her criticism once more about the cryptocurrency sector. Yellen, and the Federal Reserve Chair, Jerome Powell, have remained skeptical of the crypto industry despite the high rate at which cryptocurrencies are being adopted in the US.

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Fed Chair Powell’s Hawkish Stance on Inflation Could Hurt Crypto

On Monday, the Fed Chair gave what was seen as one of the most hawkish speeches yet, announcing more rate increases this year. For crypto, this could mean falling prices.

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Highlights March 22: Major cryptos in the green, Powell comments end markets run

The crypto market as a whole is bullish today. Major cryptos were in the… The post Highlights March 22: Major cryptos in the green, Powell comments end markets run appeared first on Coin Journal.

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Why The Crypto Market Bloomed After FED Decision

Bitcoin and the crypto market trend to the upside on Wednesday. The Federal Reserve (FED) announced a raise rates by 25 basis points. The FED Chair Powell said at the news conference; We are attentive to the risks of further upward pressure on inflation and inflation expectations.

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Fed's Powell Set to Remove Punch Bowl That Lubricated Crypto Party

The Fed appears set to raise interest rates next week for the first time since 2018. With inflation now at nettlesome levels and still climbing, the so-called "Fed put" is out of action, one economist said.

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US Federal Reserve says Russia sanctions highlight need for crypto regulations

The chairman of the US Federal Reserve, Jerome Powell, has called for a comprehensive regulatory framework for digital assets amid the conflict between Russia and Ukraine. Powell’s remarks are similar to those of Christine Lagarde, the president of the European Central Bank.

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Bitcoin Climbs to $45K Early Wednesday Before Quickly Retreating

The crypto briefly touched a three-week high amid continued escalation in Ukraine, and as Fed Chairman Jay Powell promised a rate hike later this month.

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Fed Chair Powell: 'War Underscores Need' for Crypto Regulation

“[The Ukraine-Russia conflict] underscored the need for congressional action on digital finance including crypto currency,” Fed Chair Jerome Powell said in Congressional testimony on Wednesday.

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Crypto Market Forecast: Week of February 28th 2022

A curated weekly summary of forward-focused crypto news that matters. This week, markets see-saw as sentiments swing following the Russian invasion of Ukraine, the correlation between BTC and equities remains high, and the market readies itself for Jerome Powell's latest monetary policy testimony.

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New Tennessee bill wants the state to invest in Bitcoin and NFTs

A Tennessee lawmaker, Jason Powell, has proposed a bill that will enable the state to engage in crypto and non-fungible tokens investment. The post New Tennessee bill wants the state to invest in Bitcoin and NFTs appeared first on CryptoSlate.

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Crypto and Fed digital dollar can coexist, says Fed Chair Jerome Powell

Powell says nothing would prevent a well-regulated stablecoin from coexisting with a US CBDC.… The post Crypto and Fed digital dollar can coexist, says Fed Chair Jerome Powell appeared first on Coin Journal.

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US lawmaker hints at upcoming crypto legislation as Jerome Powell says Fed will release report on digital currency soon

“The report really is ready to go and I would expect we will drop it — I hate to say it again — in coming weeks," said Jerome Powell.

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Crypto exchange Kraken’s new NFT marketplace to issue loans

Jesse Powell said the exchange was going to expand into a marketplace for nonfungible tokens and NFT-backed loans beginning in 2022.

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Crypto Winter Could Be Here, Says Kraken’s Powell As He Takes Back $100,000 Bitcoin Prediction

Kraken’s CEO has taken back his earlier prediction that BTC would surpass $100K by the end of 2021. The price of the asset has underperformed in recent weeks but the Kraken exec remains confident that the trend will be reversed.

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Fed Chair Says, Crypto Is Not A Financial-Stability Concern But An Issue For Those Who Don’t Understand It

On Wednesday, the Federal Reserve announced that it was doubling the pace of its bond-buying tapering and forecasted three rate hikes in 2022. Following the end of the central bank's two-day policy meeting, in a news conference, Fed Chair Jerome Powell also commented on cryptocurrencies, saying he doesn’t view them as a “financial stability concern.

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Crypto Not A Systemic Financial Risk Yet, Says FED Chair Powell

Cryptocurrencies do not expose the United States’ financial stability to any significant risks at the moment according to Federal Reserve Chairman Jerome Powell. However, this asset class is still risky on its own because the assets are speculative not backed by anything according to Powell.

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Fed Chair Powell says he doesn’t see crypto as a financial concern

Jerome Powell however says cryptocurrencies are speculative and “not backed by anything” and could… The post Fed Chair Powell says he doesn’t see crypto as a financial concern appeared first on Coin Journal.

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FED’s Powell Doesn’t Think Crypto Risks Financial Stability

The crypto market cap has moved up to $2,2 trillion after the Fed announced they would double the tapering of bond purchase and interest rates will stay the same for now. Fed’s chairman Jerome Powell held a news conference after the decision was taken where he approached several issues on the United States economy and current concerns for its financial stability.

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Kraken CEO Says Bitcoin Below $40k Is A Buying Opportunity

Jesse Powell, the CEO of the popular crypto exchange Kraken, has said that Bitcoin under $40K would be a good buy, while also predicting that the dollar will go to zero. Bitcoin’s Fall Is A Buying Opportunity If the price of Bitcoin falls below $40,000, Kraken CEO Jesse Powell says the present downward pressure would provide another purchasing opportunity for investors.

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Bitcoin Wobbly as Stocks Turn Red, China Locks, Parliament Rebells and Powell

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Jerome Powell’s second term as Fed Chair could hurt crypto, says Mike Novogratz

Jerome Powell getting a second term as Fed chair has changed the crypto macro… The post Jerome Powell’s second term as Fed Chair could hurt crypto, says Mike Novogratz appeared first on Coin Journal.

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Mike Novogratz says Jerome Powell is bad for the investment sector

Mike Novogratz has stated that the Federal Reserve Chair, Jerome Powell, could slow down the crypto sector. He further noted that he was not pleased with the decision of the US president, Joe Biden, to pick Powell for a second term in office.

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Jerome’s Powell’s Renomination As Fed Chair Is A Win For The Crypto Ecosystem, Says Cumberland’s Global Head

Fed Chair Jerome Powell has been nominated by President Joe Biden for another term in office. Cumberland’s global head believes that the move is in the long-term interest of cryptocurrency enthusiasts given his track record.

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What makes crypto a 'healthy market,' and one that 'will continue to develop'

The news of Jerome Powell's renomination as the U. S. Federal Reserve Chair is expected to impact the broader markets. However, most analysts believe that it'll be positive for the crypto sector.

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