Bitcoin, Ethereum Technical Analysis: BTC, ETH Lower as Powell Claims There Are 'Structural Issues' With Cryptocurrency
Bitcoin was back in the red on Wednesday, as U.S. Federal Reserve Chair Jerome Powell called for more regulation in decentralized finance , citing “structural issues” as a key reason. The token fell below $19,000 on the comments, moving closer to a key support point as a result. Ethereum also slipped following yesterday’s rebound, with the price back below $1,300.) was back in the red on Wednesday, as markets reacted to comments from U.S. Federal Reserve Chair Jerome Powell.
Speaking on Tuesday evening, Powell stated that more regulation is needed in the crypto market, with recent declines in price highlighting “structural issues.”
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In his comments, Powell said of the current relationship between defi and traditional finance: “Ultimately that’s not a stable equilibrium and we need to be very careful about … how crypto activities are taken within the regulatory perimeter.”
I already got some on Onwr wallet for the best price
Are you sure there's connection between these two events?
Now we need Elon's positive comments on bitcoin to pump it😎
This lack of clarity from the Fed about how it plans to deal with cryptocurrencies is likely to continue to weigh on prices in the short-term.
BTC is a stablecoin. We get that. Now I’m curious if it’s a good idea to buy more ETH on bfx tho.
Thanks; remember to say nice things, they are sentient. 2
Still the nerd flexing Bitcoin promoters are clueless how to prop up cryptocurrecy 🪙 .. then wonder why there is negativity in the cypto world 🌐 .. but most are 'old' techies that only thought of themselves & their circle ⭕️instead or embracing ALL 💫
take this man into jail for market manipulation.
Everything needs to be regulated under US government including your assets 🤣🤣🤣
The trading skills has been productive and always will be. The bearish market has no negative effect on the trading skills. More wins 🏆. If you wish to get started with the trading skills send a dm so I put you through it okay.
Meanwhile $YDF yields 25-300% APY, stake while it lasts!
F$& btc , if everyone wants to see it at 9000 stop doing longs then 🤡🤡🤡🤡🤡🤡
Don’t miss out on SquidGrow
🚀Thankss a millon
Cool, I only listen to ChiefraFba for signals!
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