Bitcoin Jumps to $21K After Soft US Data, Less Hawkish BoC
The world's largest cryptocurrency reached $21,000 Wednesday following short-liquidations from large exchanges earlier on in the day. Source
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Hawkish
Polkadot Suffers 10% Weekly Loss On Hawkish Fed
To shed light on the protocol’s successes, Polkadot insiders have been providing key data. As it stands, these accomplishments are very helpful
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Cryptos Yo-Yo After Hawkish Rate Hike; Ether’s Price Is Down, Regulators May Soon Be Circling. What’s Next for Post-Merge Ethereum?
“(There’s) the possibility of recognizing ETH as a security token. On the one hand, after the transition to PoS, the coin will have signs of security, such as, for example, the expectation of making a profit. And many financiers say that such an outcome is possible, " Serhii Zhdanov, CEO
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Market Wrap: Bitcoin Up Slightly Despite Fed Chairman's Hawkish Comments
BTC remains resilient despite challenging macroeconomic narrative. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets. Original Source
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Hawkish Fed Chatter Has Wall Street Betting on Big Rate Hike, Crypto Traders Shorting Bitcoin
Bitcoin (BTC) has struggled to stay above the crucial psychological threshold of $20,000 this week. The largest cryptocurrency has faced pressure – along with other risky assets including stocks – from hawkish chatter by monetary officials. On Tuesday, bitcoin dropped to as low as $18,559, which was its lowest price
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Ethereum Price Plummets 9% As Fed Chair Passes Hawkish Remarks
The crypto community has witnessed another price plunge after the just concluded Federal Reserve annual meeting. Many investors already anticipated a new turn in asset prices after Jerome Powell spoke on the approach to combat inflation. But from the turn of events, Powell tipped the scale against investors’ expectations. As
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Bitcoin Slumps to Lowest Level in Over a Month After Powell Affirms Hawkish Monetary Policy
"We expect a 75 basis point rate hike in September, and do not expect there to be a drastic effect on the markets should that come to pass, followed by successive rate hikes until inflation is reined in and the unemployment rate returns to a healthier number," Josh Olszewicz, head
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Bitcoin Tumbles Below $21K After Powell’s Hawkish Remarks
“The stock market had not priced this in except the last couple of days and it’s because the risk was that they would be hawkish, not the belief,” Bob Iaccino, chief strategist at Path Trading Partners and co-portfolio manager at Stock Think Tank, told CryptoX. Source
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Hawkish Fed comments and Bitcoin derivatives data point to further BTC downside
A $750 pump on Aug. 26 took Bitcoin (BTC) from $21,120 to $21,870 in less than two hours. However, the movement was completely erased after comments from U.S. Federal Reserve Chair Jerome Powell reiterated the bank’s commitment to contain inflation by tightening the economy. Following Powell’s speech, BTC price dropped
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Bitcoin Snaps Five-Day Losing Streak; Even Traders See More Hawkish Fed
●Bitcoin (BTC): $19,717 +1.2% ●Ether (ETH): $1,079 +3.2% ●S&P 500 daily close: 3,801.59 −0.5% ●Gold: $1,731 per troy ounce +0.5% ●Ten-year Treasury yield daily close: 2.90% −0.05 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index
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