Bitcoin News Today TheBitTimes.com

Over $400 million was liquidated from the crypto market in the last 24 hours after US Federal Reserve Chair Jerome Powell opted to keep interest rates unchanged at 4.25-4.5%. According to Powell, there are still inflationary pressures present from the trade tariffs imposed by US President Donald Trump on nations around the world.  “Higher tariffs have begun to show through more clearly to prices of some goods, but their overall effects on economic activity and inflation remain to be seen,” Powell said during a press conference. Not all Fed officials agreed with Powell, however, with two officials voting in favor of a rate cut.  Bitcoin And Ethereum Positions Take The Biggest Knock Data from CoinGlass shows 24-hour liquidations soared to over $429 million. Most of these liquidations were long positions, with $327.21 million being wiped out from these trades. Meanwhile, $102.52 million got liquidated from short positions. Crypto market leaders, Bitcoin (BTC) ...

Federal Reserve Chair Jerome Powell has made a major statement that could reshape the relationship between traditional banks and the cryptocurrency sector. Speaking before the House Financial Services Committee, Powell addressed concerns about the increasing interaction between cryptocurrency and the traditional banking system.  While acknowledging crypto’s volatility and speculative nature, he stated that the Fed does not intend to prevent banks from serving legal crypto customers as long as they understand and manage the associated risks. Picks for you U.S. tariffs are at the highest levels since the Great Depression; Here's why it matters 2 hours ago Bitcoin rainbow chart predicts BTC price for February 28 ...