bitcoin us fed – pressnews

[ad_1] Bitcoin spiked higher Wednesday in the countdown to a speech by US Federal Reserve Chair Jerome Powell that may cement expectations for a slower pace of interest-rate hikes in the US. Bitcoin spiked higher Wednesday in the countdown to a speech by Federal Reserve Chair Jerome Powell that may cement expectations for a slower pace of interest-rate hikes in the US. The largest token added as much as 3.7% and was trading at about $17,010 as of 10:41 a.m. in Singapore, the highest level in two weeks. Ether climbed over 4%, while the likes of Binance Coin and Dogecoin also jumped. Powell is due to speak later Wednesday at an event hosted by the Brookings Institution and may echo fellow Fed officials in signaling a half-point rate rise at their final meeting of the year after fou...

[ad_1] Cryptocurrencies fought off declines triggered by another large US Fed interest-rate hike, though sentiment remained cautious. Cryptocurrencies fought off declines triggered by another large Federal Reserve interest-rate hike, though sentiment remained cautious given the central bank's warning of economic pain ahead from tightening policy. Bitcoin, the largest token, was about 1.2% higher as of 10:50 a.m. in London on Thursday after earlier sliding as much as 4% toward levels last seen in 2020. Second-biggest coin Ether continued to underperform, shedding 2%. Markets are shuddering at the Fed's determination to fight inflation by constricting financial conditions. Shorter maturity Treasury yields jumped more than ...

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