Tags : Yellen

Bitcoin

Miami Mayor responds to Yellen saying Bitcoin is worth studying

Miami Mayor Francis Suarez addressed Treasury Secretary Yellen’s recent Bitcoin snub, saying he isn’t surprised she is hostile towards the leading cryptocurrency. Expanding further, he said Bitcoin’s separation from the state is why investors flock to it in the first place. And when asked about his apparent tolerance for high-risk, Suarez replied by saying all […]Read More

Market

Bitcoin Falls as Miners Sell, Institutions Watch Yellen

Bitcoin’s price dropped as much as 10% during early trading hours on Tuesday as bitcoin miners started selling a large amount of the cryptocurrency for the first time since October. There is not enough demand to absorb the additional coins on the market because institutions want an idea of how the new Biden Administration will […]Read More

Market

Bitcoin Sells Off on Bearish Sentiment, Yellen Worries

Bitcoin’s price slumped by around 5.6% in the past 24 hours thanks to some Asian traders taking a short-term bearish view and concerns the new Biden administration in the U.S. will seek to put a damper on cryptocurrency use. Profit-taking occurred in the spot market during Asian market hours after bitcoin failed to consolidate around […]Read More

Bitcoin

Bitcoin Weekly Outlook: Price Hangs b/w Dovish Yellen and Rising

Bitcoin started the new week on strong note, finishing higher on Monday amid speculative bets against Treasury secretary nominee Janet Yellen’s confirmation hearing in Washington, where she will make a case for large-scale fiscal budgets to cushion the economic fallout led by COVID-19. The flagship cryptocurrency, which has earned itself the tag of “digital gold” […]Read More