Powell says Fed cannot hold bitcoin, not seeking to change that
13 hours 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 …
12 hours 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 ...
Trump’s Push for a Bitcoin Reserve - TheStreet
14 hours 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 ...
The Fed’s ‘Biggest Nightmare’ Is Suddenly Coming True As Bitcoin …
2 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 ...
Bitcoin Slips to $101K, Altcoins Spiraling on Federal Reserve's …
15 hours ago · The U.S. Federal Reserve lowered its benchmark fed funds rate by 25 basis points to the 4.25%-4.50% range, its third consecutive easing move this year and now marking a total of 100 basis points ...
Fed’s Powell on Bitcoin Reserve: ‘We’re Not Looking for a Law …
1 day ago · 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. Photo ...
Bitcoin, XRP and Dogecoin Fall Fast After Federal Reserve
1 day ago · Bitcoin and other major assets like Ethereum, XRP, and Dogecoin fell fast after Federal Reserve Chair Jerome Powell spoke and announced an expected interest rate cut. The move apparently pushed investors away from “risk-on” assets like crypto and U.S. equities on word that the central bank would not cut aggressively in 2025.
How would a US bitcoin strategic reserve work? | Reuters
2 days ago · WASHINGTON, Dec 17 (Reuters) - Bitcoin hit a record high above $107,000 on Monday after President-elect Donald Trump reiterated plans to create a U.S. bitcoin strategic reserve, stoking the ...
What Fed chief Powell said about crypto that may have aided bitcoin…
Dec 5, 2024 · Bitcoin’s meteoric run may have gotten a little extra push from an unlikely source: Federal Reserve Chair Jerome Powell. In comments Wednesday about the cryptocurrency, …
Fed Cuts Interest Rates by 50 Basis Points, Bitcoin Briefly
Sep 18, 2024 · Bitcoin traded near $60,000 after Fed cut rates by 50 basis points. Fed members expect median benchmark rates to come down to 4.4% by year-end. The U.S. Federal Reserve lowered its benchmark...