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This statement came as part of Powell’s presentation of the Federal Reserve’s Semi-Annual Monetary Policy Report to the House Committee on Financial Services. advertisement Jerome Powell Recognizes the ‘Staying Power’ of Crypto in the US At the hearing, Rep. Warren Davidson (R-Ohio) highlighted concerns about the long-term viability of crypto in the US economy. Davidson pointed out that the crypto market cap in the US stands at approximately $1.1 trillion and asked Jerome Powell if he acknowledged the long-term viability of crypto. In response, Powell stated that crypto does appear to have some ‘staying power’, but he also noted that its market capitalization has decreased over the past year. Notably, the concept of ‘staying power’ as defined by Nasdaq refers to an investor’s ability to remain in the market without selling their position when the investment’s value decreases. Powell’s acknowledgme...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. The Dash 2 Trade presale has now raised over $3.5 million, less than two weeks after it began. This figure provides a clear indication of the market interest in the Ethereum-based trading intelligence platform, which is set for launch in the first quarter of 2023. The current total means that Dash 2 Trade is more than halfway towards completing stage two of its token sale, at which point the presale price of D2T will rise from 0.05 USDT to 0.513. And with nine stages in total (each with their own price rise), now may be the perfect time to acquire some D2T at a big discount. This Crypto Signals Platform is Bringing Expert Trading Tools to the Masses The Dash 2 Trade presale has blasted through various milestones since launching around a week and a half ago. It raised over half a million US dollars within its first 24 hours...

Bitcoin Makes Positive Moves but Is Unable to Rise above $21K – October 29, 2022 BTC/USD revisits the current resistance level but is unable to rise above $21K. On October 26 uptrend, buyers failed to breach the recent high. Today, buyers are still struggling to breach the same high. There is an imminent prospect of a breakout at the recent high. Bitcoin Price Statistics Data: •Bitcoin price now – $20,732.39 •Bitcoin market cap – $397,915,697,467 •Bitcoin circulating supply – 19,192,950.00 BTC •Bitcoin total supply – 19,192,950.00 BTC •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels : $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 Bitcoin’s (BTC) price has been trading in the bullish trend zone since October 25 price rebound. Buyers have retested the recent high twice but are yet to breach the resistance level. On the plus side, Bitcoin will rally above $22,000, if buyers manage to over...

Join Our Telegram channel to stay up to date on breaking news coverage Despite the possibility of higher volatility in the crypto market, Nigel Green, CEO of the financial advising and asset management company DeVere Group, anticipates that cryptocurrency investors will increase their holdings in the upcoming months. This emerges at a time when major central banks are signaling that this year will see further rate rises in an effort to leash the inflationary trend. Even the Bank of England and the US Federal Reserve have left no doubts about this. CEO Green pointed out that most stock market segments were likely to experience more reductions as businesses cut back on borrowing out of concern for the unprecedented global recession. “Given Bitcoin and Ether’s current correlation with stock markets, we anticipate further, perhaps heightened, volatility in the crypto market before the end of 2022,” he said. “However, for serious investors, this will not ne...

Over the past few days, Shiba Inu has attracted a lot of whale attention. All memecoins have suffered as a result of the ongoing bear market in the cryptocurrency market. Due to a number of variables, the whole crypto market was in the red. Shiba Inu [SHIB] was clearly impacted by this incident. However, this just pertained to the price. The SHIB network gave development priority, and the community seemed to back it wholeheartedly. The rise of SHIB holders serves as clear evidence of this. The Shiba Inu Eternity game is being ramped up by the crew as they finally make it available to global users. However, the whales occasionally appear to be acquiring, discarding, and moving whales. Let us look at this anonymous whale with its interesting acquisition pattern. Whale acquires 1 trillion SHIB, only to dump it later The Twitter account ShibaPlay has tweeted about a particular transaction of an anonymous whale that transferred 160 billion SHIB to another wallet. Etherscan ...

The cryptocurrency market was slightly bearish during the early European session, with the global crypto market cap falling from $944 billion to $936 billion. Bitcoin, the leading cryptocurrency, is still trading near $19,349.19, down 0.88% so far. Similarly, Ethereum is trading sideways, with a price range of $1,325 to $1,298. However, some altcoins are trading strongly bullish, such as TerraClassicUSD, which has increased by more than 35% in the last 24 hours. At the same time, the Huobi Token has increased by 20% to trade at $4.97. Maker is also in the spotlight for achieving more than a 17% weekly gain. Bitcoin Price The current Bitcoin price is $19,351.72, and the 24-hour trading volume is $20.35 billion. Bitcoin has fallen by 0.88% in the last 24 hours. CoinMarketCap now ranks first, with a live market cap of $371 billion. Bitcoin Price - Source: Coinmarketcap  Robert Kiyosaki, widely known as the author of the financial literacy bestselle...

During the early European session, the global cryptocurrency market capitalization fell 1.39% to $957.46 billion. Over the past 24 hours, the total volume of the cryptocurrency market has decreased by 5.82% to $55.83 billion. With a 24-hour volume of $3.11 billion, DeFi accounted for 5.55% of the entire cryptocurrency market . This represents 92.59% of the total 24-hour volume in the cryptocurrency market , or $51.82 billion. Investors factored in the United States' surprisingly positive nonfarm payroll and unemployment figures during the European session. As a result of this news, the leading cryptocurrency, Bitcoin, tumbled 3.13% for the day. While the second most valuable cryptocurrency, Ethereum, ended up falling 2.92% to trade at $1,334. US Nonfarm Payroll & Unemployment Rate  US Nonfarm Payroll:  Accordingly to the US  Bureau of Labor Statistics , total nonfarm payroll employment increased by 263K in September, while economists predicted a ...