Powell says Fed cannot hold bitcoin, not seeking to change that
NEW YORK, Dec 18 (Reuters) - 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 ...
Hawkish Fed Hammers Cryptos, Bitcoin ETF Exodus - Forbes
3 days ago · Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Dec. 18, 2024.
Bitcoin Falls Below $100,000 As Fed Rates Outlook ... - Markets …
Dec 19, 2024 · Bitcoin slid below $100,000 Thursday as traders were rattled by the Fed's rate guidance. The crypto dropped more than 5% to trade around $98,000.
Fed Rules out BTC Reserves: 'We're Not Allowed to Own Bitcoin'
Dec 19, 2024 · The Federal Reserve Act limits the central bank’s holdings to U.S. government bonds and other highly secure assets. Although the Fed has expanded its asset purchases during economic crises ...
Bitcoin Tests $100,000 After Fed Spurs Worst Drop Since September
Dec 19, 2024 · Bitcoin fell below $100,000 as the Federal Reserve’s cautious outlook for interest-rate cuts hurt speculative investments. The largest digital asset slipped as low as 4% to $96,789 on Thursday in...
Fed Chair Jerome Powell Says, 'We're Not Allowed to Own Bitcoin…
Dec 18, 2024 · 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 of ...
Powell: Fed 'not looking' for law change to own bitcoin - USA …
Dec 18, 2024 · 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...
Fed can't hold bitcoin, not seeking to change that, Powell says
NEW YORK, Dec 18 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday that the U.S. central bank has no desire to be involved in any government effort to hold large amounts of bitcoin.
What The Fed’s Rate Cut Means For Bitcoin
Sep 18, 2024 · The Fed’s decision to cut by 50 bps represents more than just monetary policy adjustment – it’s a clear acknowledgment that the economy is struggling more than policymakers have publicly let...
Fed Cuts Interest Rates by 50 Basis Points, Bitcoin Briefly
Sep 18, 2024 · Bitcoin traded near $60,000 after Fed cut rates by 50 basis points. Fed members expect median benchmark rates to come down to 4.4% by year-end.