Bitcoin topped $43,000 to lead a broad surge in crypto prices following Fed Reserve chair Jerome Powell's reassurances that the U.S. central bank would continue its vigorous efforts to combat rising inflation. Muyaoshen and JPRubin23 report
the stock market climbed on Tuesday after Jerome Powell, the chair of the Federal Reserve, reassured investors the Fed will combat the current high inflation, signaling the central bank may reduce its balance sheet this year.like a risk asset recently.
after the CPI data release. While some crypto traders and investors view bitcoin as a hedge against inflation, others consider it as a risk asset like stocks, which react to tightened monetary policy resulting from high inflation. On intraday charts, upside momentum is improving, which suggests buyers could remain active into the Asia trading day.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Bitcoin Approaches Death Cross as Goldman Foresees 4 Fed Rate Hikes This YearBitcoin eyes first death cross since June amid worsening macro outlook. reports godbole17
Lire la suite »
Bitcoin Drops to $40,600 Over New Goldman Sachs Expectations About Fed Interest RatesBitcoin has dropped to the $40,600 area as Goldman Sachs announced its expectations about higher Fed interest rates this year
Lire la suite »
Bitcoin Drops to $40,600 Over New Goldman Sachs Expectations About Fed Interest RatesBitcoin has dropped to the $40,600 area as Goldman Sachs announced its expectations about higher Fed interest rates this year
Lire la suite »
Bitcoin dip below $40K follows Fed signal of a possible fourth rate hike in 2022We can’t catch a break, can we? Bitcoin dipped below $40K after rumors that the Federal Reserve would hike up interest rates four times in 2022.
Lire la suite »
Powell says delayed Fed report on digital currencies will be released 'within weeks'Powell says delayed Fed report on digital currencies will be released ‘within weeks’
Lire la suite »
Paul Tudor Jones Says Pandemic Trades Face ‘Tough Sledding' as Fed Tightens PolicyPaul Tudor Jones said Tuesday stocks that performed the best since the depth of the pandemic are going to have a rough time.
Lire la suite »