Bitcoin Hits $30K After Powell's Comment, Ethereum, Dogecoin Rise: Analyst Says King Crypto Rally Could Extend Little Longer But Needs To Hear 'Good News' From SEC Soon
Portfolio Pulse from Mehab Qureshi
Bitcoin surpassed $30,000 following remarks from US Federal Reserve Chair Jerome Powell on its staying power. Ethereum and Dogecoin also rose. The rally was fueled by major financial institutions exploring the crypto space, including BlackRock's Bitcoin ETF application. Powell emphasized the importance of strong federal oversight for stablecoins.
June 22, 2023 | 2:52 am
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Bitcoin surpassed $30,000 following remarks from US Federal Reserve Chair Jerome Powell on its staying power. The rally was fueled by major financial institutions exploring the crypto space, including BlackRock's Bitcoin ETF application.
Jerome Powell's comments on Bitcoin's staying power and the recent news of major financial institutions exploring the crypto space, including BlackRock's Bitcoin ETF application, have positively impacted Bitcoin's price, pushing it above $30,000.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Dogecoin's price rose following remarks from US Federal Reserve Chair Jerome Powell on Bitcoin's staying power and the recent news of major financial institutions exploring the crypto space.
Dogecoin's price increase can be attributed to the positive sentiment surrounding cryptocurrencies following Jerome Powell's comments on Bitcoin's staying power and the recent news of major financial institutions exploring the crypto space.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Ethereum's price rose following remarks from US Federal Reserve Chair Jerome Powell on Bitcoin's staying power and the recent news of major financial institutions exploring the crypto space.
Ethereum's price increase can be attributed to the positive sentiment surrounding cryptocurrencies following Jerome Powell's comments on Bitcoin's staying power and the recent news of major financial institutions exploring the crypto space.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80