Critical Statements from the President of the FED! What Happened to Bitcoin? – Cryptokoin.com

Speaking at the International Central Bank Independence Symposium held at the Swedish Central Bank’s headquarters in Stockholm, FED Chairman Jerome Powell preferred to avoid the inflation issue altogether. Silent on Fed policy, Powell provides no new catalyst for Bitcoin (BTC).

Jerome Powell remains silent on Fed policy: No catalyst for Bitcoin

In his statement today, the Fed Chairman completely avoided the topic of US monetary policy. Crypto investors’ eyes were focused on a new BTC price catalyst, courtesy of the Fed, as Powell spoke. However, January 10 is stagnant for BTC after the Fed refused to comment on future policy. Powell’s statements in Stockholm were as follows:

I will touch on three main points;

First, the Federal Reserve’s monetary policy independence is an important and widely supported institutional set-up that serves the American people well.

Second, the Fed must consistently gain this independence by using our tools to achieve our goals of maximum employment and price stability, and by providing transparency to facilitate understanding and effective oversight by the public and their elected representatives in Congress.

-Third, we must ‘stick to our web’ and not pursue perceived social benefits that are not tightly linked to our legal goals and authorities.

The second point referred to the Fed’s involvement in the climate change debate. In the absence of market triggers, neither cryptocurrency nor US stocks were promising. In his new analysis of the day, crypto analyst Filbfilb outlined potential up and down targets for BTC price action in the short term.

Filbfilb looks at the region from $14,000 to $24,000

“Buyers have been below 16.5k in 2 months,” he told Telegram channel subscribers, highlighting a few weekly moving averages (WMA) to keep in mind:

The 20 WMA also sits around $18,300 which is the current high, previous support and diagnostic resistance. If this breaks the base level, the top of the wedge is the target: 24,000

Bitcoin Critical Remarks From FED Chairman

“Liquidity shows that getting that up to 24k can be a bit of a challenge,” Filbfilb continued. In his Telegram message, he pointed to the downside risks, saying “fuel us down to $14-14,500”.

Winklevoss accuses GBTC CEO Silbert of fraud

Elsewhere, tensions involving crypto firm Digital Currency Group (DCG) continued to escalate throughout the day. Cameron Winklevoss, co-founder of crypto exchange Gemini, followed up with an open letter to DCG CEO Barry Silbert accusing him of fraud and urging the company’s board to fire him.

Part of the global impact of FTX’s collapse, the fiasco focuses on locked client funds and SIlbert’s alleged reluctance to cooperate with creditors’ claims. A separate effort, “GBTC Recovery,” aims to provide access to funds on behalf of investors in the Grayscale Bitcoin Trust (GBTC), the largest Bitcoin institutional investment vehicle with over $10 billion in assets under management.

Its founder, crypto entrepreneur David Bailey, has pledged to expand the scope of the grassroots campaign to include other crypto funds operated by Grayscale, a subsidiary of GBTC. As before, the event still failed to put any noticeable price pressure on Bitcoin itself. cryptocoin.com As BTC.Top CEO, we quoted Jiang Zhuoer’s analysis on this issue.

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