Powell says Fed cannot hold bitcoin, not seeking to change that
3 days ago · NEW YORK, Dec 18 (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 ...
Powell: Fed 'not looking' for law change to own bitcoin - USA …
3 days ago · Bitcoin's price dipped Wednesday after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold the digital currency and signaled a more cautious approach to rate cuts ...
The Fed’s ‘Biggest Nightmare’ Is Suddenly Coming True As Bitcoin …
6 days ago · 12/18 update: The bitcoin and crypto market is braced for the Federal Reserve to cut interest rates by 0.25% when it concludes its two-day policy meeting, with the market pricing in a 95% chance ...
Fed Chair Jerome Powell Says, 'We're Not Allowed to Own Bitcoin…
3 days ago · Bitcoin faced its first drop in four days following Powell’s comments and a more cautious tone from the Federal Reserve. BTC fell 5.9% to $100,605, retreating from its record-breaking high of ...
Bitcoin, high on Trump, sobers up after Fed statements - Yahoo …
1 day ago · Bitcoin, riding record highs following Donald Trump's embrace of the digital cryptocurrency, came back down to earth after Federal Reserve Chairman Jerome Powell said the central bank is not ...
Fed can't hold bitcoin, not seeking to change that, Powell says
3 days ago · The Fed leader was addressing the prospect of central bank involvement in the idea of the government building a so-called Strategic Bitcoin Reserve once President-elect Donald Trump takes office. The Fed leader's comments pushed the value of the asset, which has rallied sharply since the election, down.
Fed Chair Slams Brakes on Bitcoin Reserve Despite Trump’s Pledge
3 days ago · Fed Chair Jerome Powell stated the central bank is not permitted to hold Bitcoin. Powell’s comments triggered a sharp crypto market downturn, erasing $800 million in leveraged positions. The Federal Reserve concluded its final Federal Open Market Committee (FOMC) meeting of 2024 with a widely-anticipated 25-basis-point rate cut, signaling a ...
Fed’s Powell on Bitcoin Reserve: ‘We’re Not Looking for a Law …
4 days ago · Asked whether the government should build a bitcoin reserve, Federal Reserve Chair Jerome Powell said at his press conference Wednesday that the central bank isn’t allowed to own the digital ...
Bitcoin Retreats From Record High After Fed Cools Risk Appetite
3 days ago · Bitcoin fell for the first time in four days with speculative bets being pared across financial markets after Federal Reserve officials suggested greater caution over how quickly they can continue ...
What The Fed’s Rate Cut Means For Bitcoin
Sep 18, 2024 · The Fed’s decision to cut by 50 bps represents more than just monetary policy adjustment – it’s a clear acknowledgment that the economy is struggling more than policymakers have publicly let...