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.
Bitcoin, the first and largest cryptocurrency by market capitalization, is approaching a test of a key resistance level as reported, with the market eagerly watching for its next move. At the time of writing, BTC was up 0.72% in the last 24 hours to $57,630.The crypto market awaits further data releases in the week; investors will also be weighing Federal Reserve Chair Jerome Powell's comments.
Powell delivered his opening remarks yesterday, setting the stage for a two-day speech on Capitol Hill this week. Several other Fed members are scheduled to speak this week, which may provide further insights into the Fed's economic and monetary policy expectations.The markets expect the Fed to start decreasing rates in September, followed by another quarter percentage point decrease by the end of the year.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »