Tags : Sour

Bitcoin

Powell Comments Leaves Bitcoin Market Sour; Bearish Assault Ahead?

A dayslong sell-off in the Bitcoin market intensified, and Treasury yields jumped Thursday, as Federal Reserve Chairman Jerome Powell did little in subsiding fears about the recent spike in government debt selling. At the Wall Street Journal Jobs Summit, Mr. Powell reiterated that the US economy is far from achieving maximum employment. He spoke about […]Read More

Bitcoin

Bitcoin Pushes Past $37,000 But Rising Yields Sour Bull Sentiment

A bruising start to the week for Bitcoin shows signs of evaporating as the cryptocurrency reclaims critical resistance levels this Thursday. Buying opportunities near $30,000—a level Bitcoin touched after its decline from $41,986—renewed traders’ short-term bullish bias. The BTC/USD exchange rate leveled a sharp retracement against the downside outlook caused by the appearance of a […]Read More