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0 0 0.016430742833697 0.012700721759078 -0.00221936253939831 -0.000354352002088814 -0.00221936253939831 0.00151065853522068
Stock impact report

Bitcoin set to rise on weekly basis as Powell hints at start of rate cuts [Seeking Alpha]

Stronghold Digital Mining, Inc. (SDIG) 
Company Research Source: Seeking Alpha
Powell talked about the monetary policy on Friday at the Kansas City Fed's Jackson Hole Economic Symposium, themed "Reassessing the Effectiveness and Transmission of Monetary Policy." BTC inched higher immediately after his comments. The remark in the prepared text of his speech indicates that the Federal Open Market Committee will cut its policy rate at its Sept. 17-18 meeting from its current level of 5.25%-5.50%. The cryptocurrency largely stayed above the $60K mark after the U.S. Bureau of Labor Statistics marked down the number of workers in payrolls by the most in 15 years. The world's oldest digital currency had briefly gone above the $60K resistance level on Tuesday, as it had attempted another break at going over the point. However, the cryptocurrency's breakout attempt was unsuccessful on the day, as it slipped to ~$59K. BTC, however, managed to finally break through on Wednesday, after the payrolls benchmark was revised down 818K, or by 0.5%, for the 12 months thro Show less Read more
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