Bitcoin Slides Below $21K as Dollar Bounces After Powell’s Hawkish Comments

2022-08-27 02:49:27 By : Mr. Ian Wang

Bitcoin dipped Friday while the U.S. dollar slightly strengthened following Federal Reserve Chairman Jerome Powell's hawkish speech at the U.S. central bank’s annual Jackson Hole conference. CoinDesk's Helene Braun discusses the implications for the crypto markets. Plus, CoinDesk's Christie Harkin on Hodlonaut's defamation case against Craig Wright.

On "The Takeout" podcast this week, Geltzer talks with host Major Garrett about the Biden administration's efforts to bring home Americans wrongfully detained abroad.

Canadian Prime Minister Justin Trudeau and NATO Secretary General Jens Stoltenberg wrapped up a two day visit to Canada's Far North by touting NATO's role in defending the Arctic region. (Aug. 26)

A report today from financial services giant Bloomberg claims Netflix has arrived at a price point for its new advertising-supported tier, offering it at roughly half what its current and most popular no-commercials plan charges. The report claims Netflix is aiming at a $7 to $9 rate, a substantial discount from its current $15.49 monthly […]

The company has reduced its outlook versus analysts' estimates three times over the last few months.

The Dollar Index might be forming a bearish double top on the weekly chart. If the dollar indeed drops, that could allow for a bounce in risk assets like bitcoin (BTC). "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Federal Reserve Chairman Jerome Powell delivers a speech at the Fed's Jackson Hole, Wyoming, symposium on inflation expectations, the labor market, and the Fed's role in raising rates.

Concerns of inflated THC levels and moldy weed have marked Michigan's marijuana industry.

Coinbase recently launched Nano Bitcoin futures (BIT) for retail traders.

Bitcoin and Ether both dropped over 4% on Friday following comments from Federal Reserve Chair Jerome Powell.

"No matter what Powell says or the Fed does, the market insists on reading/hearing him dovish," one observer said.

Investors wang more clarity around The Merge and its implications, the bank told clients in a research note.

Though signs point to prices moderating, Powell said on Friday that the bank will continue to hike interest rates this year

Yahoo Finance's Brad Smith and Brian Cheung discuss the key takeaways from Fed Chair Powell's speech and the immediate reaction from markets. 

A key gauge of U.S. inflation fell in July for the first time in more than two years thanks to tumbling gas prices, giving Americans some relief from a rapidly rising cost of living.

U.S. stocks plunged in a steep sell-off Friday after Federal Reserve Chair Jerome Powell reiterated the central bank's commitment to fight inflation in a hawkish speech at the Jackson Hole economic symposium.

Much debate has gone into why the beginning of fall is such a bad time for stocks. More tangibly, the signs in August, after a summer rally, aren’t exactly cheerful.

U.S. consumer spending barely rose in July as falling gasoline prices hurt sales at service stations, but monthly inflation slowed sharply, which could reduce the need for the Federal Reserve to deliver another three-quarters of a percentage point interest rate hike next month. Though the report from the Commerce Department on Friday showed a modest gain in personal income last month, wages increased strongly. The slowdown in inflation is likely to be welcomed by U.S. central bank officials.

“We will keep at it until we are confident the job is done,” Powell said in remarks delivered at the Fed’s annual conference in Jackson Hole, Wyoming.

(Bloomberg) -- The Biden administration is warning refiners that it may take “emergency measures” to address fuel exports as stockpiles of gasoline and diesel fuel remain near historically low levels in the Northeast. Most Read from BloombergNearly 60,000 Sneakers in $85 Million Ponzi Scheme to Go on SaleTrump’s Stash at Mar-a-Lago Included Highly Classified DocumentsWorld’s Most Popular Password Manager Says It Was HackedGOP Fury Over ESG Triggers Backlash With US Pensions at RiskStocks Sink In

(Bloomberg) -- The US is likely to experience higher inflation for some time, and the top economic job is to ease price growth and not cut rates too soon, the International Monetary Fund’s deputy chief said. Most Read from BloombergNearly 60,000 Sneakers in $85 Million Ponzi Scheme to Go on SaleTrump’s Stash at Mar-a-Lago Included Highly Classified DocumentsWorld’s Most Popular Password Manager Says It Was HackedGOP Fury Over ESG Triggers Backlash With US Pensions at RiskStocks Sink Into US Clos