Uh-oh! Consensus is building around a fresh BTC breakdown.
after Jerome Powell, Chair of the Federal Reserve, gave new commentary on policy and the outlook for inflation.
While leaving the door open for change should it be required, Powell’s language did not offer risk assets clear signals. Responding, financial commentary resource, The Kobeissi Letter, warned that “tons of uncertainty” lay ahead.2. Committed to getting inflation to 2%5. Will "take time" to lower inflationBitcoin nonetheless soon forgot the event, returning to a range already familiar from the weekend prior.
Assessing the climate on exchanges, popular trader Skew argued that a fresh volatility was only a matter of time. “Growing variance between perp & spot market; which ive posted about previously,” he summarized in part of Twitter coverage on the day. “Very tight illiquid range here between post friday FED speakers. Expecting market to find an EQ early next week in which both spot & perp market will be forced to establish a trend.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum Technical Analysis: BTC Remains Below $27,000, Ahead of Powell Speech – Market Updates Bitcoin NewsBitcoin once again fell below the $27,000 level on Friday, ahead of a panel discussion which includes Fed Chair Jerome Powell.
Read more »
US Bitcoin Corp Secures Hosting Agreements for 150,000 Bitcoin Miners – Mining Bitcoin NewsU.S. Bitcoin Corp (USBTC) unveiled its ambitious plan to unleash a formidable army of 150,000 bitcoin mining machines.
Read more »
Bitcoin price retests key support as Fed rate hike fears steal $27KBitcoin gets a short-timeframe beating thanks to macro data and some sneaky traders.
Read more »
XRP Becomes Top Traded Asset on South Korea's Bithumb, Surpassing Bitcoin (BTC)XRP dethrones Bitcoin (BTC) as most traded asset on Bithumb $XRP BTC $BTC
Read more »
Bitcoin (BTC) Might Go to $25K or $29K If This Chart Pattern BreaksBitcoin: This chart pattern break might lead to $25K or $29K for $BTC BTC
Read more »
Pro-XRP Attorney John Deaton Shares Surprising Comment on His Bitcoin (BTC) HoldingsJohn Deaton, seasoned cryptocurrency lawyer and founder of CryptoLaw firm, sheds light on his portfolio and his attitude toward XRP Army
Read more »