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Federal Reserve Chairman Powell Rejects Trump's Bitcoin Reserve Plan: The Fed Lacks Authority to Hold Bitcoin
Federal Reserve Chairman Powell Rejects Trump's Bitcoin Reserve Plan: The Fed Lacks Authority to Hold BitcoinFederal Reserve Chairman Jerome Powell recently stated unequivocally that the Fed has no intention of participating in any government-led "Bitcoin hoarding" scheme, citing the central bank's lack of authority to hold Bitcoin. This statement directly addresses former President Donald Trump's previous proposal to establish a "strategic Bitcoin reserve" upon his return to office...
Blockchain 2024-12-19 15:35:31 -
Bitcoin Flash Crash: A Deep Dive into the Fed's Rate Cut, Potential Government Reserves, and Market Reaction
Bitcoin Flash Crash: A Deep Dive into the Fed's Rate Cut, Potential Government Reserves, and Market ReactionIn the early hours of December 19th, Bitcoin experienced a sharp price drop, briefly falling below $100,000 per coin. This represented the largest single-day percentage decline since August, a stark contrast to the previous day's record high of over $108,000...
Blockchain 2024-12-19 12:51:36 -
Asia-Pacific Stocks Plummet: Nikkei Down Over 1% Amidst Bitcoin Crash Following Fed Rate Cut
Asia-Pacific Stocks Plummet: Nikkei Down Over 1% Amidst Bitcoin Crash Following Fed Rate CutAsia-Pacific stock markets experienced a broad decline in the morning of December 19th, with market sentiment remaining subdued. The Nikkei 225 index at one point fell by more than 1%, while the South Korean KOSPI experienced an even steeper drop, exceeding 1...
Blockchain 2024-12-19 12:35:00 -
Bitcoin Plummets: Over 230,000 Liquidated, Fed Chair Powell Declares No Bitcoin Holdings
Bitcoin Plummets: Over 230,000 Liquidated, Fed Chair Powell Declares No Bitcoin HoldingsIn the early hours of December 19th, Bitcoin experienced a sharp drop, briefly falling below $100,000 and marking its largest single-day decline since August. This dramatic volatility sent shockwaves through the cryptocurrency market...
Blockchain 2024-12-19 11:45:21 -
Bitcoin Price Breaks $100,000 Barrier!
Bitcoin Price Breaks $100,000 Barrier!Bitcoin experienced a strong rebound today, reaching a high of $101,000 per coin, representing a 0.79% intraday gain...
Blockchain 2024-12-19 11:23:47 -
Bitcoin Plunges Below $99,000, Experiencing Over 5% Intraday Drop
Bitcoin Plunges Below $99,000, Experiencing Over 5% Intraday DropOn December 19th, Bitcoin prices suffered a sharp decline, falling below the $99,000 mark and experiencing an intraday drop exceeding 5%. This significant plunge has drawn market attention, highlighting once again the inherent risk and volatility of the cryptocurrency market...
Blockchain 2024-12-19 10:22:47 -
Bitcoin Price Soaring to $500,000? Analyzing the Possibility and Market Impact of a US National Bitcoin Reserve
Bitcoin Price Soaring to $500,000? Analyzing the Possibility and Market Impact of a US National Bitcoin ReserveMatt Hogan, Chief Investment Officer (CIO) of Bitwise, the largest US cryptocurrency fund manager, recently made a bold prediction: if the US establishes a national Bitcoin reserve, the price of Bitcoin could skyrocket to $500,000, representing a nearly 400% increase from its current price. This prediction has sparked widespread attention in the cryptocurrency market and brought the topic of a national Bitcoin reserve back into the spotlight...
Blockchain 2024-12-19 10:12:41 -
Bitcoin Nears $100,000 Milestone!
Bitcoin Nears $100,000 Milestone!On December 19th, the price of Bitcoin continued its upward surge, briefly approaching the landmark $100,000 per coin mark. At the time of writing, Bitcoin reached a new high of $100,403 per coin...
Blockchain 2024-12-19 09:02:18 -
Trump's Bitcoin Reserve Plan: The Fed's Strong Opposition and the Potential Congressional Showdown
Trump's Bitcoin Reserve Plan: The Fed's Strong Opposition and the Potential Congressional ShowdownPresident Trump's proposed creation of a US "strategic bitcoin reserve" is facing strong headwinds from the Federal Reserve. The plan has garnered significant market attention since the price of bitcoin surged above $100,000 following Trump's November 5th election victory...
Blockchain 2024-12-19 08:28:07 -
Bitcoin Plunges: Fed's Hawkish Stance Shakes Crypto Market
Bitcoin Plunges: Fed's Hawkish Stance Shakes Crypto MarketBitcoin suffered a significant setback on December 18th, plummeting over 5%its largest single-day drop in over three months. This sharp decline is part of a broader sell-off in global speculative assets, directly triggered by the Federal Reserve's more cautious signals regarding future interest rate cuts...
Blockchain 2024-12-19 08:22:39 -
Powell Explicitly Rejects Fed Holding Bitcoin; Trump's Crypto Policy a Future Uncertainty
Powell Explicitly Rejects Fed Holding Bitcoin; Trump's Crypto Policy a Future UncertaintyFederal Reserve Chairman Jerome Powell definitively stated at a press conference following the December interest rate meeting that the Fed will not include Bitcoin in its balance sheet. This statement directly addressed market speculation about the Fed potentially holding Bitcoin, injecting a degree of certainty into the future of the cryptocurrency market...
Blockchain 2024-12-19 08:08:25 -
Powell Makes it Clear: The Federal Reserve Has No Intention of Holding Bitcoin, Nor Has It Sought Legal Changes
Powell Makes it Clear: The Federal Reserve Has No Intention of Holding Bitcoin, Nor Has It Sought Legal ChangesFederal Reserve Chairman Jerome Powell recently provided a definitive answer regarding whether the Fed would hold Bitcoin. In an interview on December 19th, when asked about the possibility of including Bitcoin in its reserve assets, Powell directly stated that the Federal Reserve is currently not permitted to own Bitcoin, and the institution has never sought to amend any relevant laws or regulations to allow for such holdings...
Blockchain 2024-12-19 04:54:01
