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Bitcoin (BTC) kept pressure on $28,500 after the Oct. 19 Wall Street open ahead of a key speech on United States economic policy.BTC/USD 1-hour chart. Source: TradingViewLepard: Powell may flip "very dovish"Data from Cointelegraph Markets Pro and TradingView showed BTC price action gaining strength ahead of commentary by Jerome Powell,
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“Despite the recent global turmoil, bitcoin has demonstrated exceptional strength, securing its position as the top-performing asset over the past 30 days relative to the US Dollar,” Joel Kruger, market strategist at LMAX Group, noted in an email. He attributed BTC’s rising dominance to the second-largest crypto asset ETH’s stronger
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“The financial stability tools helped to calm conditions in the banking sector,” said Powell. “Developments there, on the other hand, are contributing to tighter credit conditions and are likely to weigh on economic growth, hiring and inflation,” he continued. “As a result, our policy rate may not need to rise
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Puts tied to BTC and ETH continued to draw demand as the crypto market remained focused on the FTX contagion. Original Source
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Bitcoin (BTC) gained almost $1,500 in under an hour on Aug. 26 after an "uber dovish" speech by Federal Reserve Chair, Jerome Powell.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price action charges upwardsSpeaking at the virtual Jackson Hole annual symposium, Powell hinted that the Fed would begin to reduce its
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