There's no room for slacking when it comes to monetary policy tightening, Powell says, as Bitcoin takes a breather from yearly highs.
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Bitcoin price clings to $30K as Fed’s Powell stresses more rate hikes
Bitcoin (BTC) staged another retest of $30,000 support on June 28 as the United States Federal Reserve stayed hawkish on inflation.
BTC/USD 1-hour chart. Source: TradingViewPowell on rate hikes: “More restriction coming”
Data from Cointelegraph Markets Pro and TradingView showed BTC price action sticking to a narrow range at the Wall Street open.
This accompanied fresh comments on economic policy from Fed Chair Jerome Powell.
Speaking during a two-day discussion with other central bank heads at the European Central Bank Forum on Central Banking 2023 in Sintra, Portugal, Powell reiterated Fed consensus for further interest rate hikes this year.
Having paused the hiking cycle, which began in late 2021, this month, Powell nonetheless stressed that there was still room for further policy tightening.
MicroStrategy buys $347M worth of Bitcoin amid market thaw
"DCA works," wrote Binance CEO in response to the purchase.
MicroStrategy buys $347M worth of Bitcoin amid market thaw
"DCA works," wrote Binance CEO in response to the purchase.
How smart people invest in dumb memecoins: 3-point plan for success
Serious crypto investors think memecoins are stupid. But smart people are making serious money from dumb memecoins. Here’s how.
How smart people invest in dumb memecoins: 3-point plan for success
Serious crypto investors think memecoins are stupid. But smart people are making serious money from dumb memecoins. Here’s how.
How smart people invest in dumb memecoins: 3-point plan for success
Back in 1984, a U.K. television advertisement for Kit Kat chocolate bars was set in a music label’s office where a keen young band played their demo for a bored music executive. Afterward, they were served the famous chocolate bars and the manager said:
“You can’t sing, you can’t play, you look awful… you’ll go far.”
This is as close as I can get to explaining the appeal of memecoins to sensible, smart and intelligent people. But don’t be fooled: Smart people are making a lot of money out of dumb memecoins — invariably at the expense of not-so-smart people without good timing.
PEPE is making memecoins great again. (Twitter)And timing is everything in memecoins, which typically have no utility for anything except having fun and making money. So, without any fundamentals to trade on, can you still take a “smart” approach to making money by trading memecoins?
On Yavin, co-founder and head of business at Syndika, comes in with a hard “no” to that idea.
How smart people invest in dumb memecoins: 3-point plan for success
Serious crypto investors think memecoins are stupid. But smart people are making serious money from dumb memecoins. Here’s how.
How smart people invest in dumb memecoins: 3-point plan for success
Serious crypto investors think memecoins are stupid. But smart people are making serious money from dumb memecoins. Here’s how.
How smart people invest in dumb memecoins: 3-point plan for success
Back in 1984, a U.K. television advertisement for Kit Kat chocolate bars was set in a music label’s office where a keen young band played their demo for a bored music executive. Afterward, they were served the famous chocolate bars and the manager said:
“You can’t sing, you can’t play, you look awful… you’ll go far.”
This is as close as I can get to explaining the appeal of memecoins to sensible, smart and intelligent people. But don’t be fooled: Smart people are making a lot of money out of dumb memecoins — invariably at the expense of not-so-smart people without good timing.
PEPE is making memecoins great again. (Twitter)And timing is everything in memecoins, which typically have no utility for anything except having fun and making money. So, without any fundamentals to trade on, can you still take a “smart” approach to making money by trading memecoins?
On Yavin, co-founder and head of business at Syndika, comes in with a hard “no” to that idea.
How smart people invest in dumb memecoins: 3-point plan for success
Back in 1984, a U.K. television advertisement for Kit Kat chocolate bars was set in a music label’s office where a keen young band played their demo for a bored music executive. Afterward, they were served the famous chocolate bars and the manager said:
“You can’t sing, you can’t play, you look awful… you’ll go far.”
This is as close as I can get to explaining the appeal of memecoins to sensible, smart and intelligent people. But don’t be fooled: Smart people are making a lot of money out of dumb memecoins — invariably at the expense of not-so-smart people without good timing.
PEPE is making memecoins great again. (Twitter)And timing is everything in memecoins, which typically have no utility for anything except having fun and making money. So, without any fundamentals to trade on, can you still take a “smart” approach to making money by trading memecoins?
On Yavin, co-founder and head of business at Syndika, comes in with a hard “no” to that idea.
European Commission aims for universal acceptance with Digital Euro proposal
With this move, the European Commission aims to open up the payments market that has been controlled by banks, Visa and Mastercard.
Paxos and MercadoLibre partner up to bring USDP to Mexico
The move provides PAX coin access to Mexico’s 3.1 million-plus cryptocurrency users.
Tether signs MoU with Georgia to develop Bitcoin P2P infrastructure
The alliance intends to bring a change to the public administration and the business sector.
Tether signs MoU with Georgia to develop Bitcoin P2P infrastructure
The alliance intends to bring a change to the public administration and the business sector.
Bitcoin no longer crypto of choice for illicit crypto activity: TRM Labs
While fiat channels remain the dominant tool for criminal financing, Bitcoin appears to have fallen out of favor for criminals as far as cryptocurrencies go.
Voyager to pay $1.1 million in legal fees incurred in April
Certain members holding high positions within the firm bill an hourly rate exceeding $2,000 for their professional services.
EU finalizes controversial smart contract kill switch rules under Data Act
The Data Act was first proposed in early 2022 and passed by the European parliament on March 14.
EU finalizes controversial smart contract kill switch rules under Data Act
The Data Act was first proposed in early 2022 and passed by the European Parliament on March 14.
KuCoin crypto exchange to introduce mandatory KYC in July
KuCoin’s Know Your Customer checks will require new users to complete identity verification to access all services, while existing non-KYC users will not be able to deposit.