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Fed, Bitcoin and Jerome Powell
Powell says Fed cannot hold bitcoin, not seeking to change that
By Michael S. Derby and Ann Saphir NEW YORK (Reuters) -Federal Reserve Chair Jerome Powell said on Wednesday the U.S. central bank has no desire to be involved in any government effort to stockpile large amounts of bitcoin.
The Fed Isn’t Looking for Bitcoin Law Changes
Bitcoin surged past $100,000 for the first time this month on Powell ’s seeming endorsement of the cryptocurrency as a new investment class. Bitcoin was “just like gold”--except virtual, Powell said at the New York Times’ DealBook Summit.
Fed’s Powell on Bitcoin Reserve: ‘We’re Not Looking for a Law Change’
Asked whether the government should build a bitcoin reserve, Federal Reserve Chair Jerome Powell said the central bank isn’t allowed to own the digital currency under current law.
1d
Bitcoin Suddenly Surges Back To $100,000 On Huge $20 Trillion Price Prediction
Bitcoin's drop of around 10% in the last 24 hours was dwarfed by ethereum and smaller, top ten cryptocurrencies that crashed ...
2d
on MSN
Bitcoin Crashes Below $100K After Fed Shock Move: Athletes Embrace Crypto, Scams Spike, and States Make Bold Bets
As the Federal Reserve's rate cut and revised inflation outlook send bitcoin tumbling below $100K, the cryptocurrency market ...
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17m
Bitcoin posts its first weekly decline since Donald Trump’s victory
The Fed's third consecutive rate cut on December 18, paired with a slower monetary easing outlook, curbed inflationary ...
4d
The Fed’s ‘Biggest Nightmare’ Is Suddenly Coming True As Bitcoin Price Surges
Now, as a leak reveals Russia could be poised to beat the U.S. to a bitcoin reserve, the Federal Reserve has been warned its ...
4d
on MSN
Fed Chair Jerome Powell Says, 'We're Not Allowed to Own Bitcoin' Amid Trump’s Push for Bitcoin Strategic Reserve
Federal Reserve Chair Jerome Powell has ruled out the possibility of the central bank adding Bitcoin to its balance sheet, ...
2d
on MSN
Bitcoin Slumps as Trump Euphoria Gives Way to Wariness on Fed
A group of US exchange-traded funds investing directly in Bitcoin on Thursday snapped a 15-day streak of continuous inflows ...
2d
Cryptocurrencies Bitcoin, XRP, and Shiba Inu are rebounding after the Fed's hawkish pivot
Some may have seen Powell's comments as handing the market a lump of coal for Christmas. But the Fed's new projections should ...
2d
on MSN
Bitcoin ETFs see record outflows as crypto market plunge accelerates after hawkish Fed meeting
Spot bitcoin ETFs saw $680 million in outflows on Thursday, the largest volume recorded in a single-day, according to ...
2d
on MSN
Bitcoin to fall W/W as post-Fed dip extends
Bitcoin fell 4.3% on a weekly basis, as hawkish statements from the Federal Reserves fueled to a sell off. The cryptocurrency ...
4d
Bitcoin Retreats From Record High After Fed Cools Risk Appetite
Bitcoin fell for the first time in four days with speculative bets being pared across financial markets after Federal Reserve ...
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