In today’s episode of Market Report, analyst and writer Marcel Bichmann discusses why cryptocurrency prices are so low after (BTC) failed to pass $29,000, plus whether or not Jerome Powell was lying about keeping interest rates above 5%, and finally, what Warren Buffett meant by the end of the “amazing period.” The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel.
First news article Explains why Bitcoin is trading in a narrow range near $28,000. the culprit? The confrontation between markets and policymakers as US Federal Reserve Chairman Jerome Powell has publicly stated that interest rates are unlikely to fall this year. Meanwhile, risk asset markets have priced in lower rates in the coming months.