Bitcoin Rally Short-Circuited as Fed Chair Powell Raises Stagflation Fear
“We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension,” said Powell of the effect of the Trump tariffs.
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“We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension,” said Powell of the effect of the Trump tariffs.
D.O.G.E. job cuts, tariffs, a restrictive Fed and new immigration policies could weigh on markets for the next six to nine months, said Lekker Capital’s Quinn Thompson.
Gold continues to be the star of the cycle, jumping to a new record above $3,050 per ounce.
The industry’s U.S. banking crisis may be retreating as a second congressional committee sheds light on how crypto businesses have been treated by regulators.
Mining stocks including WULF, BTDR, IREN and HUT dropped over 5%, while BTC holder medical devices firm Semler Scientific plunged 10%.
Barr will continue to serve as a member of the Federal Reserve Board of Governors.
Short-term BTC puts are in demand after hawkish Fed dented the bullish sentiment in risk assets.
A December rate cut from the U.S. central bank might not be as sure of a thing as previously thought.
Minneapolis Federal Reserve President Neel Kashkari, who previously called the cryptocurrency industry “worthless” and “nonsense,” still isn’t an uber-bull, though.
Ether’s price. (TradingView/CoinDesk)