Bitcoin consolidates on Thursday's loss as bond yields rise ahead of Powell's speech. godbole17 reports
nursed moderate losses. In traditional markets, the dollar index pulled back to 102.30 from the two-month high of 103.62 and futures tied to Wall Street's tech-heavy Nasdaq index signaled a flat open.
Earlier in May, markets were confident the Fed would pause its liquidity tightening cycle next month and pivot to rate cuts later this year. The confidence, however, was shattered on Thursday after St Louis Fed President James Bullard advocated higher interest rates and Dallas Fed President Lorie Logan said that data at this time does not support pausing the tightening cycle.
At 15:00 GMT, Powell will speak at the"Perspectives on Monetary Policy" panel before the Thomas Laubach Research Conference hosted by the Federal Reserve.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Bitcoin Corp Secures Hosting Agreements for 150,000 Bitcoin Miners – Mining Bitcoin NewsU.S. Bitcoin Corp (USBTC) unveiled its ambitious plan to unleash a formidable army of 150,000 bitcoin mining machines.
Read more »
Bitcoin price capitulation below $26K increases as Friday’s BTC options expiry loomsBitcoin price continues to soften, and noshitcoins says bears will likely play an instrumental role in this week's BTC options expiry.
Read more »
Bitcoin Drops Below $27K as Investors Continue to Weigh Debt Ceiling Talks, Regulatory ActionsBitcoin tumbled back below $27,000, reversing its gain from a day ago as investors continued to weigh the ongoing debt ceiling talks in Washington, D.C. and the latest regulatory moves. _jocelynyang_ reports
Read more »
Stablecoin Issuer Tether Reveals Plan to Allocate Profits Into Bitcoin – Bitcoin News'Its limited supply, decentralized nature, and widespread adoption have positioned bitcoin as a favored choice,' Paolo Ardoino, Tether’s CTO, said.
Read more »
Bankrupt Crypto Lender Celsius Moved Nearly $900M of ETH Within a Week: DataThe bankrupt crypto lender Celsius moved almost $900 million of ETH within a week! But to where? Read more in our latest article:
Read more »
Pepe-Themed ‘Bitcoin Frogs’ Becomes Most Traded NFT Amid Bitcoin Ordinals HypeBuyers and sellers are paying fees ranging from $50 to over $1,200 for the ability to quickly trade BitcoinFrogs NFTs. By shauryamalwa.
Read more »