Fed Chair Jerome Powell Delivers Crucial Comments for Market, How Crypto Reacted

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Markets digesting Federal Reserve Chair Jerome Powell's recent comments on economy

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

Can Bitcoin Reach $100,000 This Week? 136% Pepe Rally Makes Memes Look Like Jokes, Ethereum Second Skyrocketing Incoming?said in prepared remarks."The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully."The Fed's latest views come after inflation and employment figures were announced earlier Thursday. The producer price index grew by 0.2% in October, matching Dow Jones experts' predictions.

Although Bitcoin is showing signs of recovery, the price still remains down 1.84% in the last 24 hours to $89,000, while still up 17% on a weekly basis.Ethereum, Solana, Dogecoin and Shiba Inu all fell between 3% and 7% in the last 24 hours. Dogwifhat , Neiro and Mew reported even larger losses of 12% to 14%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fed Chair Jerome Powell's Remarks Ripple Through Crypto Market: DetailsFed recently announced 25-basis-point interest rate cut
Source: Utoday_en - 🏆 295. / 63 Read more »