Post
Topic
Board Speculation
Merits 4 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Ambatman
on 18/12/2024, 20:42:28 UTC
⭐ Merited by LFC_Bitcoin (2) ,d_eddie (1) ,JayJuanGee (1)
https://breakingthenews.net/Article/Powell-says-Fed-won't-seek-to-change-Bitcoin-law/63255593#:~:text=United%20States%20Federal%20Reserve%20Chair,seeking%20to%20change%20the%20law.

So Banks aren't allowed to own Bitcoin as reserve and ain't planning on changing that - Powell.
I guess hence the dip


Not to mention many already been sure of a cut, so knowing it was a close call and there may be pause on cut made many react negatively to the news.
Everything should be back in order soon.