Recent US jobless claims dropped to 215,000, lower than the expected 225,000, indicating a stable labor Market despite tariff uncertainties. This data is crucial as it influences the economy and investor sentiment towards assets like Bitcoin. Federal Reserve Chair Jerome Powell highlighted the potential economic impact of tariffs, stating inflation may rise and growth could ...
Bitcoin’s price struggled again to break the $86,000 resistance on April 16, following comments from Fed Chair Jerome Powell, who noted the potential impact of Trump’s tariffs on the economy. Since April 9, Bitcoin has fluctuated between $75,000 and $86,400 without closing above the critical $86,000 mark. Analysts wonder where Bitcoin’s price will go next, ...
President Donald Trump urged Federal Reserve Chair Jerome Powell to cut interest rates, claiming it’s time for the Fed to stop being political. In response, Powell stated that the Fed will wait before deciding on any changes, focusing on economic data. Despite the stock Market losing $1.5 trillion, Bitcoin price remained strong, trading above $84,000. ...
Federal Reserve Chair Jerome Powell expressed concerns about President Trump’s tariffs, predicting they would raise inflation and slow economic growth. During a speech in Virginia, Powell emphasized the uncertainty these tariffs bring and indicated that the Fed would wait for clearer impacts before adjusting interest rates. He acknowledged that while the economy appeared strong, there ...
Traders are shifting focus from an oversold Market and U.S. tariffs to upcoming economic data and potential rate cuts, anticipating a rebound in Bitcoin’s value soon. Following President Trump’s recent tariff announcement, crypto markets experienced significant volatility, with major cryptocurrencies like Bitcoin, Ethereum, and XRP initially rising, then dropping as global markets reacted negatively. However, ...
Bitcoin’s price took a positive turn on March 19 as investors prepared for insights from the Federal Open Market Committee and remarks from Federal Reserve Chair Jerome Powell. During a press conference, Powell announced that interest rates would remain steady between 4.25% and 4.5%. Although the Fed lowered its economic growth forecast and acknowledged ongoing ...
Bitcoin’s price surged past $84,000 as markets prepared for the U.S. Federal Reserve’s interest rate announcement. The cryptocurrency reached local highs of $84,358 on Bitstamp, despite overall Market uncertainty before the Federal Open Market Committee (FOMC) meeting. Analysts anticipate that the Fed will keep rates steady, but traders are concerned about comments from Fed Chair ...
Bitcoin’s price remained stable early Wednesday after the Bank of Japan voted to keep its key interest rate at 0.5%. Traders are now anticipating comments from Federal Reserve Chairman Jerome Powell, who is set to speak later today. Currently, Bitcoin has seen a slight increase of 1.7%, trading at around $83,765, but trading volume has ...
As Bitcoin (BTC) attempts to bounce back from its recent decline, all eyes are on the Federal Reserve’s upcoming rate decision. Analysts are hopeful that the Fed will announce an end to its quantitative tightening program, which could positively impact the Market. The Fed’s decision is expected at 18:00 UTC, followed by a press conference ...
Bitcoin’s price struggled to break through the $85,000 resistance level, hovering between $84,000 and $85,200 since March 12. As uncertainty looms in the Market, especially with the Federal Reserve meeting scheduled for March 18-19, significant price fluctuations are expected. Current predictions indicate a 99% chance of stable interest rates, which has mostly been priced in ...
