How Bitcoin Could Be Affected By Powell’s Testimony Next Week, Will BTC Crash...
Bitcoin has taken another hit. The first cryptocurrency by market cap lost support in the high area around $30,000 and currently struggles to maintain to the mid area. At the time of writing, BTC trades at $36,120 with losses across the board. Bitcoin has negatively reacted to the announcements made by Jerome Powell, Chairman of […]
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Bitcoin fell by almost 20 percent after touching its record high of $58,367 on Sunday as traders decided to secure their profits against the US economy's recovery prospects.
The US Securities and Exchange Commission (SEC) has taken legal action against Elon Musk, the billionaire entrepreneur and Dogecoin supporter, seeking to compel his testimony regarding the acquisition of Twitter. SEC Fires Legal Salvo At Elon Musk Attorneys representing the SEC alleged that Musk failed to appear for a scheduled testimony on September 15, violating […]
The latest price declines came after the U.S. inflation rose to a 30-year high in June. Bitcoin’s (BTC) price continued its downtrend Wednesday ahead of the testimony from United States Federal Reserve Chairman Jerome Powell.The spot BTC/USD exchange rate fell to its 17-day low of $31,600 following a 3.46% intraday dip. Meanwhile, CME futures tied to the pair plunged 3.41% to $31,515, extending their week-to-date losses to 9.5%.Bulls step in at $31.5K to buy the Bitcoin dip. Source: TradingViewBitcoin had powered to $35,000 at the beginning of July, as bulls continued to defend support....
The trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), continued on October 19 with the witness testimony of Can Sun, a former General Counsel at FTX. During direct examination, Sun provided details that further implicated the defendant as the prosecution rested its case. Sam Bankman-Fried Didn’t Seem Surprised About […]
The macro market has been influencing the price of crypto to a much larger degree in the last couple of months compared to a year ago. This is no surprise given that some of these companies, which are heavily involved in the macro market, also extended their investments to cryptocurrencies such as Bitcoin. Hence, when the macro environment affected these companies, crypto was affected. Even now, the influence continues to maintain hold. Losses Flow To Crypto Over the last week, there have been some major happenings in regard to the economy. Fed Chair Jeremy Powell said that as the....