Bitcoin is in the throes of a post-Jackson Hole struggle. – peter parks/Agence France-Presse/Getty Images A whale appears to have spoiled the party for bitcoin, with the No. 1 cryptocurrency losing its steam and dragging down related investments seen in the wake of comments by Federal Reserve Chair Jerome Powell. Dropping to a level not
Fed Chair Jerome Powell’s speech on Friday at this year’s Jackson Hole Economic Policy Symposium balanced rising inflation risk against a fragile labor market, and the political calendar now raises the odds that his eventual successor will be less cautious on rates. Powell’s message was deliberately sober. He said the “effects of tariffs on consumer
Bitcoin has rocketed to an all-time high this year, with its latest boom enticing a new wave of surprising and controversial new cryptocurrencies. Sign up now for CryptoCodex—A free newsletter for the crypto-curious The bitcoin price has topped $124,000 in the last few weeks, lifting ethereum, Ripple’s XRP and the wider crypto market to over
Ether surged to a record for the first time in almost four years, with the second-largest cryptocurrency benefiting from a renewal in demand after long being touted as a more adaptable alternative to the crypto market leader bitcoin. The native token of the Ethereum blockchain rose as much as 15 per cent to US$4,866.73, topping
Hong Kong stocks wavered on Thursday in the absence of catalysts ahead of the Federal Reserve’s annual Jackson Hole symposium. The Hang Seng Index was up marginally at 25,173.83 at 11.06am local time after falling as much as 0.2 per cent. The Hang Seng Tech Index declined 0.5 per cent. On the mainland, the CSI
President Trump Wednesday called on Federal Reserve governor Lisa Cook to step down over claims of “mortgage fraud” as he presses his feud over economic policy with the central bank. “Cook must resign, now,” Trump wrote on his social media about Cook, a member of the Fed board. Trump cited a letter from Federal Housing
President Trump Wednesday called on Federal Reserve governor Lisa Cook to step down over claims of “mortgage fraud” as he presses his feud over economic policy with the central bank. “Cook must resign, now,” Trump wrote on his social media about Cook, a member of the Fed board. Trump cited a letter from Federal Housing Finance
Tensions in the market are running high ahead of Jerome Powell’s remarks at the Fed’s Jackson Hole policy symposium. The Fed chairman is expected to give fresh insight into the central bank’s plans for rate cuts. Investors have a lot riding on what Powell says on Friday, as coming rate cuts are thought to be
According to Mortgage News Daily, mortgage rates have dropped to a low of 6.53%, marking a new year-to-date low. With Federal Reserve Chair Jerome Powell under tremendous pressure to lower the Fed funds rate, he finally has the cover to do so with the last jobs report. However, as always, the bond market tends to
08/13 update below. This post was originally published on August 12 Bitcoin and crypto prices have swung wildly this week as traders gear up for what could be a game-changing end to the year. Sign up now for CryptoCodex—A free newsletter for the crypto-curious The bitcoin price came within touching distance of its all-time high