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Bitcoin Price (BTC) Hovers Below $27K as Fed Chair Powell Makes Modestly Dovish Comments

“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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Bitcoin prepares for $50K showdown as futures traders turn ‘modestly bearish’ on BTC

Bitcoin (BTC) edged closer to $50,000 on Aug. 22 as concerns over a bearish downturn made a timely reappearance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Modestly bearish" signs accompany $50,000 run-upData from Cryptox Markets Pro and TradingView showed BTC/USD hitting a high of $49,830 on Bitstamp Sunday — itself a three-month record.The

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