Fed Chair Jerome Powell Says, 'We're Not Allowed to Own Bitcoin' …

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 …

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Fed Chair Jerome Powell Says, 'We're Not Allowed To Own Bitcoin' …

2 weeks from now

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 …

yahoo.com

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Bitcoin Blips Down As Fed’s Powell Says No ‘hurry To Lower Rates’

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Nov 15, 2024 · Bitcoin’s price dropped about 2.79% after Jerome Powell said that the Fed is in no “hurry to lower rates,” given the current economic performance.

cointelegraph.com

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Bitcoin Price Drops As Jerome Powell Says Federal Reserve 'Not …

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Dec 18, 2024 · The price of Bitcoin is testing $100,000 after Fed Chair Jerome Powell issued a statement on the central bank’s ability to hold BTC. Powell took questions from reporters after …

dailyhodl.com

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Bitcoin Slides Below $100,000, Federal Reserve's Powell Rejects …

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Dec 20, 2024 · The global crypto market cap dipped by 1.2%, reaching $3.52 trillion, according to CoinGecko. On Friday, the price of bitcoin plunged to almost $92,000 before rebounding to …

thestreet.com

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Fed Chair Slams Brakes On Bitcoin Reserve Despite Trump’s Pledge

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Dec 19, 2024 · 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 …

ccn.com

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Federal Reserve Cuts Rates, But Bitcoin Pulls Back Below $100K

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Dec 19, 2024 · Bitcoin pulls back below $100,000 after rate cut: The Federal Reserve cut rates by 25 basis points Wednesday but chair Jerome Powell said it could not create a bitcoin reserve …

gemini.com

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Bitcoin Price Drops As Jerome Powell Says Federal Reserve ‘Not …

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Dec 18, 2024 · The price of Bitcoin is testing $100,000 after Fed Chair Jerome Powell issued a statement on the central bank's ability to hold BTC. Powell took questions from reporters after …

ixfi.com

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Bitcoin Drops 5% After Jerome Powell's Fed Press Conference

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Dec 19, 2024 · President Donald Trump has initiated a Strategic Bitcoin Reserve, to which Powell emphasized that there is no intention of such a move by the Fed. The Bitcoin price decreased …

biztechafrica.com

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Bitcoin Price Drops As Jerome Powell Says Federal Reserve ‘Not …

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Dec 18, 2024 · The price of Bitcoin is testing $100,000 after Fed Chair Jerome Powell issued a statement on the central bank’s ability to hold BTC. Powell took questions from reporters after …

cryptorank.io

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Bitcoin Loses $93K As Goldman Trims Fed Rate Cut ... - CoinDesk

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1 day ago · Bitcoin (BTC) started the new week on a negative note as major investment banks reassessed their expectations for Federal Reserve (Fed) rate cuts following Friday's strong …

coindesk.com

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Bitcoin Slides To Two-month Low As Fed Signals It's Not Ready To Cut ...

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Jul 4, 2024 · Bitcoin on Thursday fell below the $57,000 mark for the first time since May 1, according to data from crypto ranking site CoinGecko.

cnbc.com

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Bitcoin Tanks After Powell Says Fed May Keep Raising Interest Rates

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Aug 26, 2022 · The price of Bitcoin took a hit this morning, falling near $20,000, after Federal Reserve Chair Jerome Powell said the U.S. central bank may well keep raising interest rates.. …

decrypt.co

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The Federal Reserve's Decisions And Bitcoin: What You Need To …

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Dec 19, 2024 · The immediate effect was a steep drop in Bitcoin's value, from a high of $104,800 to a low of $98,802, representing a significant 5.7% intraday decline. The rate cut seemed to …

onesafe.io

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U.S. Bitcoin Strategic Reserve Could Push Bitcoin To $1 Million ...

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Dec 30, 2024 · The price of bitcoin is currently hovering around $94,000 after surpassing $108,000 earlier this month. ... "We’re not allowed to own bitcoin. The Federal Reserve Act …

thestreet.com

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Bitcoin Suddenly Surges Back To $100,000 On Huge $20 Trillion …

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Dec 21, 2024 · This week, Federal Reserve chair Jerome Powell disappointed traders when he warned interest rates would not come down as quickly as the Fed had previously thought, …

forbes.com

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Why Is Bitcoin Value Heading Down? – Deseret News

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2 days ago · Bitcoin’s postelection ride. Bitcoin’s value broke the $100,000 mark for the first time in early December and flirted with the $110,000 mark later in the month before pricing eased a …

deseret.com

FAQs about Fed Chair Jerome Powell Says, 'We're Not Allowed to Own Bitcoin' … Coupon?

Is the Fed looking for a bitcoin reserve?

When asked about a potential bitcoin reserve at a news conference, Fed Chair Jerome Powell on Wednesday said the central bank is not looking to hold bitcoin. “We’re not allowed to own bitcoin. The Federal Reserve Act says what we can own, and we’re not looking for a law change," Powell said. ...

Why did bitcoin price drop Wednesday?

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 in 2025. “We’re not allowed to own bitcoin. ...

Why is the price of bitcoin testing $100,000?

The price of Bitcoin is testing $100,000 after Fed Chair Jerome Powell issued a statement on the central bank’s ability to hold BTC. Powell took questions from reporters after announcing the Fed has lowered its key interest rate by a quarter percentage point in its third consecutive reduction. ...

Why did bitcoin price fall 3%?

Bitcoin’s price tumbled after United States Federal Reserve Chair Jerome Powell cast doubt on an interest rate cut in December. The Bitcoin market fell almost 3% after the United States Federal Reserve hinted that further interest rate cuts might not be coming, contrary to expectations from those in the crypto and wider financial market. ...

Will US Central Bank stockpile large amounts of bitcoin?

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. ...

Why did bitcoin fall 7%?

Part of the sell-off was catalyzed by Wednesday’s news that the Federal Reserve would not hold bitcoin in its reserve, prompting the world’s largest cryptocurrency to dip by 7%. "We’re not allowed to own bitcoin,” Federal Reserve chair Jerome Powell said. “The Federal Reserve Act says what we can own, and we’re not looking for a law change. ...