3 Reasons Why Bitcoin Rebounded, Dollar Slumped Ahead of Powell’s Speech
It is Monday. Bitcoin is holding above crucial technical support at $11,400. Meanwhile, its safe-haven rival, the US
Read MoreIt is Monday. Bitcoin is holding above crucial technical support at $11,400. Meanwhile, its safe-haven rival, the US
Read MoreBitcoin and gold are reversing losses seen on Thursday after the Federal Reserve's announcement of a more relaxed approach to tackling inflation. Source
Read MoreThe Federal Reserve Chair announced a slate of new policy approaches, but are they inspired or impotent? Federal Reserve Chair Jerome Powell spoke Thursday at the annual Jackson Hole conference convened by the Kansas City Fed, which was virtual this year due to COVID-19. In the highly anticipated speech, Powell laid out
Read MoreBitcoin saw some immense turbulence earlier today that came about due to news regarding the Federal Reserve’s intention
Read MoreA speech by Federal Reserve Chair Jerome Powell scheduled for Thursday offers a reminder of just how dramatically once-slow-moving monetary forces have accelerated due to the devastating economic toll of the coronavirus pandemic. This time last year, President Donald Trump was vehemently criticizing Powell on Twitter for setting interest rates too
Read MoreFederal Reserve Chairman Jerome Powell will speak about inflation on Thursday, strategists predict. Higher inflation rates could lead gold prices higher, but the markets are not expecting significant changes. Analysts suggest unless the Fed significantly alters its policies, the precious metal might remain stagnant. On August 27, Federal Reserve Chairman Jerome Powell will
Read MoreMuch of Bitcoin’s short-term market bias now hinge on the outcome of the virtual Jackson Hole meeting at
Read MoreAs a proud Los Angeles resident, Meghan Markle took a stand alongside those fighting against racism in all its forms. Her video for her alma mater was inspirational, and her words resonated with her audience. TV junkies are wondering whether she drew her inspiration from an unexpected source.
Read MoreBitcoin’s bulls are taking a breather amid jitters in the traditional markets over rising tensions between the U.S. and China. The world’s biggest cryptocurrency is trading near $9,400 at press time, having posted an eight-day high of $9,620 on Thursday. Prices have gained 8% so far this week, according to CryptoX’s
Read MoreThe first case of COVID-19 was diagnosed by Chinese doctors in November 2019. Rather than being shared with the global community, news of the viral outbreak was censored by the Chinese government. Since that time, more than 66,500 lives have been lost globally. Though the pandemic has brought tremendous uncertainty
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