BTC, ETH Stall Ahead of Powell Testimony – Market Updates Bitcoin News
Bitcoin remained in consolidation earlier in Tuesday’s session, as markets prepared for this afternoon’s testimony from Fed Chair Powell. The head of the U.S. Federal Reserve will be speaking in front of the Senate Banking Committee later in the day. Ethereum was also largely unchanged, as it traded close to a support point.
Bitcoin (BTC) continued to trade sideways on Tuesday, as market uncertainty remained high ahead of Fed Chair Powell’s testimony.
Many believe that Powell will give some forward guidance into the Federal Reserve’s current thinking, and how aggressive they may be in their upcoming meeting.
BTC/USD fell to a low of $22,356.62 earlier in the day, less than 24 hours after trading at a high of $22,584.29.
BTC/USD – Daily ChartLooking at the chart, today’s move sees the world’s largest cryptocurrency continue to trade above a floor at…