Bitcoin has reacted positively to FED Chair Jerome Powell’s first speech since meeting with US President Donald Trump. This came despite Powell’s failure to comment on the US economic outlook amid so much market uncertainty due to Trump tariffs. Bitcoin Climbs Amid Powell’s Refusal To Comment On Economy CoinMarketCap data shows that the Bitcoin price is climbing as Powell failed to comment on the economy during his speech at the Federal Reserve Board’s International Finance Division Anniversary Conference. The flagship crypto held above the $104,000 level following the speech and is now looking to rally to the $105,000 level. Bitcoin had dropped to as low as $103,700 earlier in the day as traders held their nerves ahead of Powell’s speech. His speech comes following his first meeting with US President Donald Trump since the beginning of this administration earlier this year. The Federal Reserve revealed that Powell and Trump didn’t… Read More at Coingape.com
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