Fed Chair Jerome Powell Expected to Set Stage for September Rate Cut
Bitcoin remains nearly 20% below its all-time high, while U.S. stocks and gold are at or within close shouting distance of record levels. More than…
Tag: Jerome Powell
Bitcoin Holds Above $40K After Fed Hike, Avalanche’s AVAX Leads Gains Among Crypto Majors
Demand for bitcoin was supported by the strengthening of stock indices and the weakening of the dollar, analysts said. Bitcoin (BTC) held above the $40,000…
Bitcoin Drops Below $30K, Dollar Bounces Ahead of Fed Reserve Rate Announcement
Bitcoin would likely extend losses further if Fed Chairman Jerome Powell drops hints of a gradual unwinding of stimulus programs later today. Bitcoin and global…
US Federal Reserve Chairman: Bitcoin Is a Store Of Value, Like Gold
The 16th and current Chair of the US Federal Reserve has acknowledged that bitcoin is a store of value, just like gold. According to him,…