Markets

Markets

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Market Wrap: Bitcoin Slumps to Lowest Level in Over a Month After Powell Affirms Hawkish Monetary Policy

The first cryptocurrency dipped 4.3% to around $20,549, its lowest point since July 16, after the head of the U.S. central bank said the Fed would maintain its restrictive monetary course.

U.S. Fed Chair Jerome Powell doubled down on interest rate hikes, affirming hawkish monetary policy to fight inflation. (Bruce Bennett/Getty Images)

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Bitcoin Tumbles Below $21K After Powell’s Hawkish Remarks

The Federal Reserve chair said households and businesses should prepare for pain as the central bank works to bring down inflation.

El precio de bitcoin podría continuar cayendo tras el discurso del presidente de la Fed. (Source: TradingView)

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Federal Reserve’s Powell: Inflation Battle Not Yet Close to Finished

The U.S. central bank chair, in a speech Friday morning, doubled down on his intent to aggressively hike interest rates to bring inflation down.

Fed Chair Jerome Powell at this year's economic symposium. (C-Span)

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Markets Should Prepare for Persistent Inflation and Continued Rate Hikes

U.S. Federal Reserve speakers were out in force one day ahead of Chairman Powell’s keynote address at the Jackson Hole conference.

(Matt Henry Gunther/Getty Images)

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Market Wrap: Bitcoin Price Barely Budges as Traders Await Powell Speech

Bitcoin traded sideways on Thursday as Fed officials speaking during the first day of the central bank’s Economic Symposium were circumspect about an interest rate hike in September.

Suspense ahead of Fed Chair Jerome Powell's speech Friday is growing among mainstream and crypto traders. (Scott Olson/Getty Images)

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NFT- and Metaverse-Related Cryptocurrencies Underperform as Floor Prices Sink

FLOW, APE and AXS are among tokens tracking double-digit losses over the past week.

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First Mover Americas: Bitcoin Gains Stall at $22K as Markets Await Powell at Jackson Hole

The latest price moves in crypto markets in context for Aug. 25, 2022.

Fed Chairman Jerome Powell will speak Friday at the Fed's annual meeting here. (Robert Alexander/Getty Images)