In an eventful day in the financial markets BTC/USD fails to breach 10,500 As stocks and the dollar sell of Bitcoin rose 2.4% Late in the session sellers come in to take profits BTC/USD sells of late in the session as we draw to a close on an eventful day in the financial markets. We were expecting Fed Chair Jerome Powell to be the main event of the session but China announced plans to add tariffs to US imports. Then Powell once again stood firm against Trumps pressure to loosen monetary policy and the US President lost it on twitter. He said he wasnt sure who was the biggest enemy Powell or China’s Xi. Finally, later in the session Bank of England Governor Carney sounded a ringing endorsement for cryptocurrencies saying Libra could replace the dollar as the worlds reserve currency. Looking at the price action in Bitcoin now it seems some sellers have come to market either to take profits or due to Carney’s comments about Libra. In other occasions, positive comments about Facebook’s Libra have sent Bitcoin lower. On the technical front, the next intraday support level is at 10,248 the previous consolidation high on the day where price stalled. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Breaking: Trump retaliates to Chinese tariffs by announcing fresh tariffs on Chinese products FX Street 4 years In an eventful day in the financial markets BTC/USD fails to breach 10,500 As stocks and the dollar sell of Bitcoin rose 2.4% Late in the session sellers come in to take profits BTC/USD sells of late in the session as we draw to a close on an eventful day in the financial markets. We were expecting Fed Chair Jerome Powell to be the main event of the session but China announced plans to add tariffs to US imports. Then Powell once again stood firm against Trumps pressure to loosen monetary policy and the US President lost it on twitter.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
