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  • First Mover Asia: Bitcoin Flirts With $23.4K as Jerome Powell Repeats Comment About Waning Inflation; Market Weighs DCG-Genesis Deal With Creditors

    From coindesk.com

    Bitcoin is continuing its positive, but cautious climb as Asia checks into the office, rising 2% on-day to $23,276 while ether is up 3% to $1,671. Traders were feeling a sense of optimism as Fed Chair Jay Powell repeated remarks from a week ago that the "disinflationary process had started." Powell’s dovish comments pushed bitcoin up slightly, added 266 points to the Dow Jones Industrial Average and sent the S&P 500 up 1.3% by the time U.S. markets closed. While Powell suggested that the Fed was winning its fight to tame inflation, he was clear that the time was not yet right to declare victory, and that more rate ... (full story)

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