County Powell Financial News

Republicans and Democrats are likely to come to an agreement on the proposed bill to regulate stablecoins in the United States. 

The United States Federal Bureau of Investigations (FBI) reportedly searched the home of Kraken co-founder Jesse Powell in March as part of an investigation into claims he hacked and cyber-stalked a nonprofit arts group.

Federal Reserve Chairman Jerome Powell is warning global regulators not to take the resilience of the financial system for granted and emphasising the need to strengthen bank supervision and regulation in the aftermath of a series of bank failures this spring.

Bitcoin (BTC) staged another retest of $30,000 support on June 28 as the United States Federal Reserve stayed hawkish on inflation.

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New rules expected to require that banks keep more capital almost certainly won't apply to smaller institutions, Federal Reserve Chairman Jerome Powell said Thursday.

US labor market data for May is due on Friday the 2nd of June.

The battle between Bitcoin and the $27,000 mark continues, with the cryptocurrency struggling to make headway in the face of mounting economic challenges.

The United States stock market recovered sharply on May 17 and May 18 on hopes that the debt ceiling agreement could be reached, but the market gave back some of it gains on May 19 on reports of a temporary halt in the talks.

On March 23, Bitcoin (BTC) price recovered the $28,000 support after a brief correction below $27,000. The movement closely tracked the traditional financial sector, particularly the tech-heavy Nasdaq Index, which gained 2.1% as Bitcoin surpassed the $28,000 threshold.

Bitcoin's price has been on a rollercoaster ride over the past few weeks, with sudden spikes and dips causing uncertainty for investors. In a surprising turn of events, the cryptocurrency suddenly blasted up to $28,500 - leaving many wondering what was going on. 

The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressing caution about the recent banking crisis and indicating that hikes are nearing an end. Along with its ninth hike since March 2022, the rate-setting Federal Open Market Committee noted that future increases are not assured and will depend largely on incoming data. «The Committee will closely monitor incoming information and assess the implications for monetary policy,» the FOMC's post-meeting statement said. «The Committee anticipates that some additional policy firming may be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time.» That wording is a departure from previous statements which indicated «ongoing increases» would be appropriate to bring down inflation. Stocks rose slightly after the announcement, as investors waited to hear more from Chair Jerome Powell in a press conference at 2:30 p.m. ET.

The Federal Reserve is investigating the factors that led to the failure of Silicon Valley Bank — including how it supervised and regulated the now-collapsed financial institution.

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.

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. 

The price of Ether (ETH) declined 6% between March 2-3, followed by a tight range trading near $1,560. Still, analyzing a wider time frame provides no clear trend, as its chart can point to a descending channel or a slightly longer seven-week bullish pattern.

Bitcoin's recent uptrend has sparked discussions among investors and traders about the future of the world's largest cryptocurrency by market capitalization. After recording a 5-day streak of negative closes, Bitcoin rebounded with a 2.14% increase in value yesterday. This surge in price is largely due to favorable macroeconomic conditions. In this investment climate, what are the best cryptos to buy today?

Bitcoin (BTC) rebounded to key resistance into Feb. 8 as crypto markets got a boost from a familiar source.

Bitcoin, the world's largest cryptocurrency by market capitalization, has seen a surge in trading volume over the past few months, with more than $30 billion worth of bitcoin traded daily. This has led many investors and traders to question where the price of bitcoin is headed and what the future holds for this highly volatile asset.

Bitcoin (BTC) stayed motionless at the Feb. 6 Wall Street open as analysis showed an “interesting dynamic” in play on BTC price charts.