Crypto miners may have found a different way to offset some of their losses – selling power back to the grid; bitcoin remained above $21K, as investors await Jerome Powell's comments Friday at a Fed Economic Symposium. Aoyon_A and JPRubin23 report
Thursday that the venture capital arm of FTX and the VC operations of sister company Alameda Research would be merging.
"It looks like a bear flag," he said."We're seeing"some support around that 20,800 level. If the market doesn't hear what it wants to hear on Friday, that's where crypto heads. If the market hears what it wants to hear, we're moving back up."The continued bear market has battered crypto miners more than other companies as their main revenue comes from mining the digital assets.
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.
EUR/USD sideways, supported by 0.9950 ahead of Fed Chair Powell’s speechThe EUR/USD is moving without a clear direction on Thursday ahead of a key speech from Jerome Powell at the Jackson Hole symposium. The pair failed to
Read more »
South African Rand Price Forecast: Fed Chair has USD/ZAR Treading CarefullyThe South African rand has been relatively quiet this week despite some volatile periods scattered throughout. Get your market update from WVenketas here:
Read more »
Bitcoin Outlook: BTC/USD Stagnates Ahead of Fed Chair Powell’s SpeechBitcoin stabilizes above $21,000 psychological support. Tomorrow’s economic docket could assist in the catalyzation of price action as PCE, Michigan sentiment and Fed Chair Jerome Powell’s speech take center stage.
Read more »
US Dollar Forecast: DXY Index, USD/JPY Wait on Jackson HoleThe USD index (DXY) is hovering just below its yearly highs while USD/JPY broke the downtrend from the July swing highs. Fed Chair Jerome Powell’s Jackson Hole speech will likely catalyze a more significant move in the major USD-pairs.
Read more »
Central Bank Watch: Fed Speeches, Interest Rate Expectations Update; Jackson Hole PreviewFed policymakers have been pushing back against the notion that the rate hike cycle is finished. If Fed Chair Powell takes a similar path during his speech on Friday at the Jackson Hole Economic Policy Symposium, it might help curb the Fed pivot narrative.
Read more »
European Markets Slightly Lower as Global Investors Wait for FedEuropean markets were fractionally lower on Wednesday as new hawkish comments from a U.S. Federal Reserve policymaker kept investors hesitant.
Read more »