Powell’s silence on rates to fuel Bitcoin’s path toward $150,000Jerome Powell avoided talking about inflation and rates on his Community Bank Conference speech, which the market sees as "strategic silence."
Happy Friday!Jerome Powell’s silence on interest rates has stirred market speculation, fueling Bitcoin’s potential rise to $150,000, while Ripple deepens its Middle East reach through a strategic partnership enhancing XRP and RLUSD liquidity. Luxembourg also sets a milestone as the first eurozone country to allocate part of its sovereign wealth fund to Bitcoin ETFs. Catch up on these developments below. The global crypto market cap is $4.04 trillion, with a 24-hour volume of $206.03 billion. The price of Bitcoin is $119,510.57, and BTC market dominance is 58.9%. The price of Ethereum is $4,135.55, and ETH market dominance is 12.4%. The best-performing sector is DeFAI, which gained 14%. The Crypto Fear & Greed Index is currently Greed (64). 📰 Top News
Powell’s silence on rates to fuel Bitcoin’s path toward $150,000Jerome Powell avoided talking about inflation and rates on his Community Bank Conference speech, which the market sees as “strategic silence.” How Ripple’s Middle East expansion could put XRP and RLUSD in the flowRipple’s partnership with Bahrain Fintech Bay strengthens Middle East presence, enhancing XRP liquidity and RLUSD stability. Luxembourg sets precedent with first eurozone Bitcoin allocation in national fundThe country has allocated 1% of its its $730 million Intergenerational Sovereign Wealth Fund (FSIL) to Bitcoin exchange-traded funds (ETFs).
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Powell’s silence on rates to fuel Bitcoin’s path toward $150,000