Crypto dips as investors play it safe ahead of Jerome Powell’s Tuesday speech 

Published by
City AM

By Darren Parkin The crypto markets had a busy weekend characterised by a whipsaw in price as Bitcoin dipped back below $23,000 after a strong push on Thursday last week. The leading cryptocurrency by market cap was idling at $22,840 following a slight recovery this morning. Ethereum is similarly down by 2%, hovering at $1,630. Most cryptocurrencies have followed, starting the week in the red. The Chair of the Federal Reserve Bank, Jerome Powell, is set to speak again on tomorrow about the Fed’s way forward with rate hikes. Analysts say investors are playing it safe until there’s more clarity …

Read More