Bitcoin Little-Changed Above $57K as Fed Chair Powell Testifies to Congress
Jerome Powell made clear that central bank policymakers are focused on downside risks to the economy as much as they are inflation.
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Jerome Powell made clear that central bank policymakers are focused on downside risks to the economy as much as they are inflation.
Bitcoin’s price briefly declined to $55,000 following the blockchain transactions.
Spot bitcoin ETFs saw their second worst month since launching in the U.S., with an estimated $662 million of net outflows, the report said.
The latest price moves in bitcoin (BTC) and crypto markets in context for July 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
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Returning to their screens following the July 4 break, U.S. traders were confronted with prices that had plunged roughly 10% from pre-holiday levels.
The latest in blockchain tech upgrades, funding announcements and deals. For the period of July 5-10.