- Jerome Powell, Chairman of the Federal Reserve, stated that Bitcoin cannot be held and does not expect policy changes.
- He mentioned that the Bitcoin strategic reserve is the purview of Congress.
- Bitcoin is currently trading on Binance at a price down 4.56% from the previous day.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Jerome Powell, the Chairman of the Federal Reserve, stated at a press conference following the FOMC on the 18th (local time) in response to a question about the introduction of a Bitcoin (BTC) strategic reserve, "We cannot hold Bitcoin, and we do not expect related policies to change," adding, "That is the purview of Congress."
Meanwhile, BTC is trading at $101,420.22, down 4.56% from the previous day, as of 05:18 on the 19th in the Binance Tether (USDT) market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.PiCK News
BinanceUS Prepares to Resume Operations... Focused on Restoring USD Services Early Next Year
28 minutes ago
[Analysis] "Bitcoin, Potentially Forming Major Support at $97,600"
2 hours ago![[Analysis] "Bitcoin, Potentially Forming Major Support at $97,600"](https://media.bloomingbit.io/prod/news/ff4aa3c5-50c5-4dbd-b602-0060a3c0a87b.webp)
8 out of 10 Domestic Crypto Projects Rated 'Risky'... Kaia Tops Trustworthiness
2 hours ago
Hawkish Rate Cuts by the Fed and Powell's Statement 'No Bitcoin Reserves'... How Low Will Bitcoin Fall? [Kang Min-seung's Trade Now]
2 hours ago![Hawkish Rate Cuts by the Fed and Powell's Statement 'No Bitcoin Reserves'... How Low Will Bitcoin Fall? [Kang Min-seung's Trade Now]](https://media.bloomingbit.io/prod/news/ecc21610-275c-485a-93d0-9d3c3f931528.webp)
[Today's Global Trending Coins] Bitcoin, Ethereum, Solana, and More
2 hours ago![[Today's Global Trending Coins] Bitcoin, Ethereum, Solana, and More](https://media.bloomingbit.io/prod/news/56e10057-283d-41d4-842a-1e03b016cba9.webp)
Ranking News