Bitcoin awaits Fed Powell speech as sellers cement $23.5K resistance
Bitcoin trades sideways at the Wall Street open as all eyes are on the Fed and Chair Jerome Powell.
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Bitcoin trades sideways at the Wall Street open as all eyes are on the Fed and Chair Jerome Powell.
The second best January on record for BTC price action comes face-to-face with differing opinions on U.S. economic policy.
JPMorgan CEO Jamie Dimon has reiterated his supposed skepticism of bitcoin, recently calling it a “hyped-up fraud,” and a “pet rock.” For it’s part, Bank of America has said that…
The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by…
The U.S. will pay over $1 trillion in debt interest next year, the equivalent of three or more Bitcoin market caps at current prices.
The new policy would align the allowable activities for insured and uninsured state banks and OCC-supervised national banks by making rules for state banks more restrictive.
The bank applied for the application in 2019 and sued the Fed in an attempt to speed up the decision.
Bitcoin price has been on a tear, but analysts warn that resolving the U.S debt limit issue could trigger sharp downside for risk assets like BTC.
Bitcoin's price recovery in 2023 has witnessed minimal institutional buying, casting doubt on whether BTC will rally beyond $25,000.
No fresh BTC price catalyst from the Fed as Chair Powell fails to mention inflation altogether.