The purpose of this website is to be a place for learning and discussion. The website and each tutorial topics do not encourage anyone to participate in trading or investment of any kind.
Any information shown in any part of this website do not promise any movement, gains, or profit for any trader or non-trader.

.

Author Topic: Bitcoin Soars to Nearest Two Weeks Amid Fed Chairman's Comments  (Read 693 times)

duck of fx

  • Guest
Bitcoin Soars to Nearest Two Weeks Amid Fed Chairman's Comments

Bitcoin surged Friday (Oct. 1) to its highest level since around mid-September. This was partially driven by seasonal factors. and comments on bitcoin from Federal Reserve Chairman Jerome Powell.

Bitcoin rose 9.3 percent to $47,910 after hitting a high of $48,236.08 in Friday trading.

Powell's comments were one factor in bitcoin's rise. In a statement to Congress on Thursday (Sept. 30), Powell said: Fed has no intention of banning cryptocurrencies.

Some analysts stated that October is always a bright month for cryptocurrencies. While September is a month where cryptocurrencies tend to perform poorly.

Ulrik K.Lykke, founder of ARK36, a crypto-asset hedge fund, stated: “The digital asset market benefits from both seasonal factors and positive fundamentals in the overall market.”

“Digital assets tended to be strong in Q4 and the expectation that this trend will continue this year has also supported the market. It is likely that we will see bitcoin hit a new record high in Q4 and it is also indicative of a continued strong market trend.”

ether money Bitcoin, which often follows Bitcoin, jumped 10.1% to $3,301.



Samurott

  • Guest
Is this true



 

Related Topics

  Subject / Started by Replies Last post
0 Replies
1210 Views
Last post February 10, 2019, 06:01:56 PM
by Joseote203
1 Replies
779 Views
Last post December 08, 2022, 12:34:00 PM
by SadSantajub
0 Replies
638 Views
Last post March 20, 2022, 08:48:34 AM
by Jilan Asaad
0 Replies
273 Views
Last post November 19, 2022, 12:06:06 AM
by DavidAlt
0 Replies
158 Views
Last post February 17, 2023, 12:00:57 AM
by MarthaYork


-

Discussion Forum / 论坛 / منتدى للنقاش/ Diễn đàn thảo luận/

-
Disclaimer : The purpose of this website is to be a place for learning and discussion. The website and each tutorial topics do not encourage anyone to participate in trading or investment of any kind. Any information shown in any part of this website do not promise any movement, gains, or profit for any trader or non-trader.

By viewing any material or using the information within this site, you agree that it is general educational material whether it is about learning trading online or not and you will not hold anybody responsible for loss or damages resulting from the content provided here. It doesn't matter if this website contain a materials related to any trading. Investing in financial product is subject to market risk. Financial products, such as stock, forex, commodity, and cryptocurrency, are known to be very speculative and any investment or something related in them should done carefully, desirably with a good personal risk management.

Prices movement in the past and past performance of certain traders are by no means an assurance of future performance or any stock, forex, commodity, or cryptocurrency market movement. This website is for informative and discussion purpose in this website only. Whether newbie in trading, part-time traders, or full time traders. No one here can makes no warranties or guarantees in respect of the content, whether it is about the trading or not. Discussion content reflects the views of individual people only. The website bears no responsibility for the accuracy of forum member’s comments whether about learning forex online or not and will bear no responsibility or legal liability for discussion postings.

Any tutorial, opinions and comments presented on this website do not represent the opinions on who should buy, sell or hold particular investments, stock, forex currency pairs, commodity, or any products or courses. Everyone should conduct their own independent research before making any decision.

The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. You should obtain individual trading advice based on your own particular circumstances before making an investment decision on the basis of information about trading and other matter on this website.

As a user, you should agree, through acceptance of these terms and conditions, that you should not use this forum to post any content which is abusive, vulgar, hateful, and harassing to any traders and non-traders.