Bitcoin clinches a BTC price boost as the latest U.S. macro data flows in, with all eyes on Powell next.
Category: powell
Auto Added by WPeMatico
Bitcoin price breaks from range with drop below $28K, and options tilt toward BTC bears
$570 million in weekly BTC options expire on Friday, and the recent macro and crypto news events have further tilted the advantage to bearish traders.
Bitcoin price data suggests bulls will succeed in holding $30K as support this time
Two key Bitcoin price metrics suggest that bulls will be able to hold the $30,000 level as support.
Powered by WPeMatico
Bitcoin stays flat at $26K after PPL data as markets await Fed’s Powell
BTC price action shrugs off the latest signs that inflation is receding, with Bitcoin traders focused on Fed comments.
Powered by WPeMatico
Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet
Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June amid hyperinflation of the U.S. dollar. Srinivasan paid a total of $1.5 million, more than the initially committed $1 million, with two-thirds of the money donated to two organizations. Former Coinbase […]Powered by WPeMatico
‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion
Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts have been pointed to. Some believe venture capitalists caused a bank run, while others […]Powered by WPeMatico
Market Strategist Expects Stock Market to Drop 50% From Here, Says There’s ‘Going to Be No Middle Class Left’
Following Jerome Powell’s hawkish commentary at the annual Jackson Hole Economic Symposium, major stock indexes, cryptocurrencies, and precious metals slid significantly in value. Over $240 billion was erased from the crypto market and the Crypto Fear and Greed Index continues to slide lower, edging toward “extreme fear.” Furthermore, the chief strategist at bubbatrading.com, Todd ‘Bubba’ […]Powered by WPeMatico
2 key Ethereum price metrics suggest traders will struggle to hold the $2K support level
ETH bulls are aiming to flip $2,000 back to support, but these two metrics point toward further downside.
Powered by WPeMatico
Kraken CEO Condemns “Hostile” Questionnaire Issued by New York AG
Jessie Powell, the CEO of U.S.-based cryptocurrency exchange Kraken, has publicly stated his refusal to answer a questionnaire issued by the New York Attorney General’s office. Mr. Powell has described the questionnaire – which was sent to thirteen virtual currency exchanges operating in the United States – as hostile to both cryptocurrencies and the virtual […]
The post Kraken CEO Condemns “Hostile” Questionnaire Issued by New York AG appeared first on Bitcoin News.
Powered by WPeMatico