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City AM
City AM
By Darren Parkin Bitcoin is trading for $22,422 this morning, up by a barely noticeable 0.13% as markets continue to move sideways. At $1,569, Ethereum is following the same pattern. Analysts say crypto’s vitals all point to a general sense of listlessness as markets await the Fed Chair’s comments at the Senate Banking Committee this morning, as part of his semi-annual testimony on monetary policy. Jerome Powell has the tough job of wrestling stubborn inflation using interest rate hikes, while trying to preserve the US economy at the same time. No doubt, investors will be watching the news clo…