Bitcoin Off Lows as Bank of England’s Bond Market Intervention Raises Hopes for Fed Pivot

The BOE, Fed, and other major central banks poured billions of dollars into the financial system via QE in the aftermath of the coronavirus-induced crash of 2020, triggering an unprecedented bull run in crypto and traditional markets. Now, however, rampant inflation has forced those central banks to reverse course, sending asset markets across the spectrum sharply lower in 2022. Bitcoin has been more than halved to less than $20,000 from just shy of $70,000 late in 2021. Original

BTC, ETH Lower as Powell Claims There Are ‘Structural Issues’ With Cryptocurrency – Market Updates Bitcoin News

Bitcoin was back in the red on Wednesday, as U.S. Federal Reserve Chair Jerome Powell called for more regulation in decentralized finance (defi), citing “structural issues” as a key reason. The token fell below $19,000 on the comments, moving closer to a key support point as a result. Ethereum also slipped following yesterday’s rebound, with the price back below $1,300. Bitcoin Bitcoin (BTC) was back in the red on Wednesday, as markets reacted to comments from U.S. Federal Reserve Chair Jerome Powell. Speaking on Tuesday evening, Powell stated that more…

Market Maker Flowdesk to Join With Jump-Backed Pyth Network to Improve Access to Blockchain Data

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Crypto bear market offers ‘good opportunity to build’: Valkyrie Funds CEO

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #crypto #bearmarket #cryptocurrency Valkyrie Funds CEO Leah Wald joins Yahoo Finance Live anchor Julie Hyman to discuss bitcoin falling below $21,000, the crypto sell-off, bear markets, and the outlook for the cryptocurrency market. Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo…

BTC price stays under $19K amid hopes Q4 will end Bitcoin bear market

Bitcoin (BTC) hit new weekly lows into Sep. 28 as risk asset drawdown continued overnight. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: “First new lows” before Q4 recovery Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling to $18,461 on Bitstamp, down almost $2,000 versus the previous day’s high. The change of direction came in lock step with stocks, which turned red after initially heading marginally higher at the Wall Street open. The S&P 500 and Nasdaq Composite Index ultimately finished the day down 0.25% and up 0.25%,…

The British pound collapse and its impact on cryptocurrency: Watch the Market Report

On this week’s The Market Report show, Cointelegraph’s resident experts discuss why the British pound is at its all-time low and how that might impact the cryptocurrency market. To kick things off, we break down the latest news in the markets this week: Bitcoin gains 5% to reclaim $20K, eyes first ‘green’ September since 2016 A classic snap of sideways trading action sees Bitcoin’s (BTC) price aim higher, but concerns remain over what happens next. Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it added over 7% after…

LINK Hits 6-Week High, UNI up 16% on Tuesday – Market Updates Bitcoin News

Chainlink hit a six-week high during Tuesday’s session, as the token rose for a sixth consecutive session. The move saw the token rally past a key resistance level in the process. Uniswap was also in the green, with prices climbing by as much as 16% earlier in the day. Chainlink (LINK) Chainlink (LINK) rose for a sixth straight day on Tuesday, which took the token to its strongest point since mid-August. After trading at a floor of $6.55 last Wednesday, LINK/USD has rallied in back-to-back sessions, with today seeing prices…

Coinbase pauses Ethereum transactions

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #coinbase #ethereum Coinbase will pause deposits and withdrawals of Ethereum and Ethereum-built cryptocurrencies during the cryptocurrencies merge and transition from proof-of-work to proof-of-stake. This segment aired on August 16, 2022. Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With…

BTC Back Above $20,000 as Bulls Return to Crypto Markets – Market Updates Bitcoin News

Following a turbulent start to the week, bitcoin was back in the green on Tuesday, as the token climbed back above $20,000. The move saw prices race to their highest point in nearly two weeks, moving past a key resistance level in the process. Ethereum was also trading higher, as it neared the $1,400 level. Bitcoin Bitcoin (BTC) neared a two-week high on Tuesday, as the token rebounded following a recent bearish spell. Following a bottom of $19,006.11 to start the week, BTC/USD raced to an intraday peak of $20,294.34…