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Bitcoin Touches 3-Week Low as Market Sees Federal Reserve Lifting Rates to 5.65%

Bitcoin fell to a three-week low earlier Wednesday, as U.S. Federal Reserve Chairman Jerome Powell's hawkish testimony to Congress spurred traders to price in a higher "terminal rate." The Digital Economy Initiative Advisory Council Member Martha Reyes discusses the impact of the central bank leader's speech on digital assets and the outlook on the dragging battle against inflation.

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What Powell's Latest Testimony Means For Bitcoin

U.S. Federal Reserve chair Jerome Powell presented the agency's semi-annual monetary policy report before Congress Tuesday, warnings that banks should be "quite cautious" about getting involved in digital assets. AdvisorShares CEO Noah Hamman discusses what this means for bitcoin (BTC) and why the cryptocurrency's fundamentals are strengthening despite all the crypto contagion concerns in the last few months. Plus, insights into AdvisorShares' Managed Bitcoin Strategy ETF (CYRP).

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Fed Chair Addresses Crypto Risks; Grayscale Bitcoin ETF Hearing Developments

U.S. Federal Reserve Chairman Jerome Powell testified before Congress on Tuesday, warning banks should be "quite cautious" about getting involved in digital assets. Separately, a panel of judges appeared skeptical of the SEC's arguments during Grayscale's Bitcoin ETF hearing. Grayscale and CoinDesk are both owned by Digital Currency Group.

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Politiche

Powell della Federal Reserve: T vogliamo strangolare l'innovazione Cripto , ma il settore è un disastro

Il presidente della banca centrale ha affermato che la Fed si attiene agli avvertimenti secondo cui le banche dovrebbero essere "molto caute" nell'investire in attività digitali.

Fed Chair Jay Powell Signaled Easier Monetary Policy on Wednesday (Win McNamee/Getty Images)

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Bitcoin Briefly Dips Below $22K as Powell Warns on Inflation

Bitcoin (BTC) briefly dipped below $22,000 Tuesday after U.S. Federal Reserve Chair Jerome Powell testified before Congress and warned rates would likely rise more than expected. "The Hash" panel discusses Powell's comments and what that could mean for the crypto markets.

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BTC, ETH Trading Flat Ahead of Powell Testimony

Maple Finance Head of Capital Markets Quinn Thompson discusses his outlook for the crypto markets as BTC, ETH, and most other major cryptocurrencies continue to trade flat ahead of U.S. Federal Reserve Chair Jerome Powell speaking before Congress on Tuesday. Plus, insights into the stablecoin market.

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Politiche

I legislatori statunitensi reintrodurranno il disegno di legge sulla riforma fiscale Cripto : rapporto

Il KEEP Innovation in America Act è stato introdotto per la prima volta nel marzo 2021.

(Cristina Glebova/Unsplash)

Politiche

I legislatori statunitensi ripropongono il disegno di legge per obbligare i minatori Cripto a rivelare le emissioni

Il disegno di legge obbliga inoltre l'EPA a studiare l'impatto del mining Cripto sull'ambiente.

Sen. Edward Markey (D-Mass.) is cosponsoring a bill to mandate that crypto miners disclose their greenhouse gas emissions. (Jemal Countess/Getty Images for We The 45 Million)

Politiche

I legislatori statunitensi sostengono che la Politiche contabile della SEC compromette la custodia sicura Cripto

Il REP Patrick McHenry, presidente della Commissione per i servizi finanziari della Camera, e la senatrice Cynthia Lummis hanno collaborato per scrivere una lettera in cui interrogano gli enti di regolamentazione in merito Politiche contabile Cripto .

U.S. Sen. Cynthia Lummis (left) and Rep. Patrick McHenry (Shutterstock/CoinDesk)

Politiche

Il presidente del comitato per le risorse digitali della Camera è pronto a collaborare con il comitato per l'agricoltura sul quadro Cripto

Il deputato statunitense French Hill è il presidente del neo-costituito sottocomitato per i servizi finanziari sulle attività digitali.

The United States Capitol (Getty Images)

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