Crypto prices followed a recent trend in tracking stocks, which closed higher on Thursday. The tech-heavy Nasdaq, S&P 500, which has a big tech component, and Dow Jones Industrial Average (DJIA) all climbed more than a half-percentage point as markets seemed untroubled by the latest statements from Fed Chair Jerome Powell, who reiterated the bank’s commitment to tame inflation on Thursday at an event organized by the libertarian think tank, the Cato Institute. “History cautions strongly against prematurely loosening policy,” Powell said.
Source: https://www.coindesk.com/markets/2022/09/09/first-mover-asia-crypto-legislation-enforcement-highlight-a-busy-fall-for-financial-regulators-bitcoin-holds-steady-over-19k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines