Bitcoin price briefly loses $20K on ‘bunch of nothing’ Powell speech
Bitcoin could well sink below the $20,000 mark again, traders warn, with price targets now as low as $16,000.
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Bitcoin could well sink below the $20,000 mark again, traders warn, with price targets now as low as $16,000.
Federal Reserve Chair Jerome Powell delivered an address this morning at the central banks annual Jackson Hole meeting in which he warned of tightening policies for some time. Risk markets...
Federal Reserve chairman Jerome Powell spoke about FOMC’s future goals at the annual Jackson Hole symposium on Friday. He said that FOMC’s overarching directive remains to bring inflation back down…
The past seven days were relatively unproductive in the cryptocurrency markets – at least in terms of price development, but this doesn’t mean there wasn’t volatility. The total capitalization seems…
Bitcoin has closed its previous five months of September in losses and could suffer similar pains if history repeats.
Recurring bear flags and the Fed’s telegraphed monetary policy are painting a roadmap for BTC’s future price action.
Interesting signals are being printed by several more chart indicators this week, all of which have proven to be bear market bottom markers.
Non crypto-related factors continue to weigh on BTC price, but a key on-chain metric that called previous market bottoms suggests Bitcoin is severely undervalued.
Berkshire Hathaway now allocates 60% of its cash portfolio to T-bills, leaving individual investors with the potential to mirror a similar strategy.
The new guidelines from the Federal Reserve hold a prospect of “the most stringent review” for non-federally insured institutions.