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March started off on a low due to a resurrection of inflationary fears. On March 7, hawkish comments from United States Federal Reserve chairman Jerome Powell amplified the market’s expectation of a 50-basis point hike in the upcoming policy rate meeting on March 22 to March 23. 

As the release of US Nonfarm Payrolls (NFP) data approaches tomorrow, the crypto market is seeing a downturn today, and investors are preparing themselves for the unknown. The NFP measures the number of US workers, excluding individuals in farming, private households, non-profits, and active military personnel.

The Federal Reserve is working with other regulators to determine «whether and how» crypto can be aligned with safe banking, Vice Chairman Michael Barr said Thursday.

Federal Reserve Chairman Jerome Powell's prepared speech this week to Congress took just a few minutes, but it changed everything.

Federal Reserve Chairman Jerome Powell on Capitol Hill this week confirmed the central bank remains committed to bringing inflation down to its 2% target, even as markets and some economists worry about the toll more interest-rate increases could take on the economy and jobs.

In the world of cryptocurrency, Bitcoin remains one of the most popular and widely traded assets. Recently, as the Chairman of the US Federal Reserve, Jerome Powell, warned of higher-than-expected interest rates, many investors question whether this will lead to a crash in crypto prices. 

cryptocurrency markets were trading in the red on Wednesday after hawkish comments from Federal Reserve Chair Jerome Powell raised the possibility of the US central bank returning to large rate hikes to tackle inflation. Bitcoin (BTC) fell 2.08% to $21,998, whereas Ethereum (ETH) was below the $1,600 level. BTC volume in the last 24 hours stood at approximately $24.12 billion, rising 53.88% in the last 24 hours. «Over the last 24 hours, many cryptocurrencies experienced a decline after Fed Chair Jerome Powell made hawkish statements about interest rate hikes. If BTC dips below the current level, the next level would be at the US$19,000 level,» Edul Patel, Co-founder and CEO at Mudrex, said. «Similarly, Ethereum is trading in tandem with BTC and is currently in the red zone. ETH is currently trading at US$1,555, and its next support level is US$1,450. Given the hawkish comments and uncertainties surrounding Silvergate Bank, traders, and investors may need time to analyze and understand the situation,» Edul added.

WASHINGTON—Chair Jerome Powell said the Federal Reserve would consider raising interest rates by a larger half percentage point this month and was likely to lift rates higher than previously expected this year to cool an economy that has shown surprising strength.

The Commerce Department releases January figures on factory orders, shipments and inventories. Orders for manufactured goods rose 1.8% in December from the prior month, after a sharp drop in November.

On March 7, United States Federal Reserve Chairman Jerome Powell warned that interest rates may remain higher for longer than previously anticipated. This boosted expectations of a 50 basis points rate hike in the Fed’s March meeting to about 70% from 30% a week earlier, FedWatch Tool data suggests.

Bitcoin’s price (BTC) fell below a four-day narrow trading range near $22,400 on March 7 following comments by U.S. Federal Reserve Chair Jerome Powell as he sat before a Senate banking committee. During the congressional appearance, the Fed chairman warned that the bank is prepared to tame inflation by pushing for more significant interest rate increases.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

The cryptocurrency market, including Bitcoin, experienced a decline after Federal Reserve Chairman Jerome Powell's testimony to Congress on Tuesday, indicating the need for higher interest rates to tackle inflation amid the quick bounce back of the US economy from the pandemic.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

Bitcoin (BTC) fell to three-week lows on March 8 as stronger-than-expected employment data from the United States dampened risk assets.

The second-largest cryptocurrency, ETH is stable as it embraces support at $1,500 however, analysts believe a recovery is unlikely ahead of the scheduled Shanghai hard fork. Ethereum price dodders at $1,555 at the time of writing amidst a -1% change in 24 hours.

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WASHINGTON—Chair Jerome Powell said the Federal Reserve would consider raising interest rates by a larger half percentage point this month and was likely to lift rates higher than previously expected this year to cool an economy that has shown surprising strength.

The U.S. Federal Reserve cannot disrupt its cycle of interest rate increases until the nation enters a recession, according to TS Lombard Chief U.S. Economist Steven Blitz.

Federal Reserve Chairman Jerome Powell has made it clear that the central bank doesn't want to prevent crypto innovation but warned that the industry is still replete with fraud and risks. 

WASHINGTON—Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for a second day of testimony after he told lawmakers Tuesday that the central bank would consider raising interest rates by a larger half-percentage-point later this month.