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Bitcoin plunges to $22k as hawkish comments from Powell roil financial marketsThe recent downtrend in the crypto market was amplified on Tuesday as hawkish comments from Fed Chair Powell led to losses across all major financial markets.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Premarket: Asian stocks sink, U.S. dollar buoyant after hawkish Powell commentsIn testimony before Congress Tuesday, the Federal Reserve Chairman raised the possibility of the U.S. central bank returning to large rate hikes to tackle sticky inflation
Source: globeandmail - 🏆 5. / 92 Read more »
Oil dips further as hawkish Powell spurs flight from risk assets - BNN BloombergOil held a hefty loss after Federal Reserve Chair Jerome Powell signaled interest rates could rise higher and faster than previously anticipated, raising concerns about the economy and energy demand.
Source: BNNBloomberg - 🏆 83. / 50 Read more »