Ethereum

Chair

Jerome Powell

Bitcoin

Drops

<p><strong>Key points</strong>:</p>   
<ul class="wp-block-list">
  
 <li><em>Bitcoin price drops 2.07% to $64,392, while ether dipped 1.69% to $2,624, losing momentum after last week’s bull run.</em></li>   
 <li><em>Investors are now looking to the upcoming Monday speech from Fed Chair Jerome Powell and the non-farm payroll data set to be released on Friday, both of which have the potential to move the market.</em></li> 
</ul>   
<h5 class="wp-block-heading"><strong>Bitcoin price drops 2.07% to $64,392, with Ether also dipping 1.69%, as investors await Fed Chair Powell’s speech and upcoming U.S. non-farm payroll data this week.&nbsp;</strong></h5>   
<figure class="wp-block-image aligncenter size-large">
 <a href="https://coincu.com/wp-content/uploads/2024/09/telegram-cloud-photo-size-5-6330345791155192505-y.jpg"><img src="https://coincu.com/wp-content/uploads/2024/09/telegram-cloud-photo-size-5-6330345791155192505-y-1024x576.jpg" alt="Bitcoin Price Drops As Investors Await Powell Speech, Payroll Data" class="wp-image-284967"></a>
 <figcaption class="wp-element-caption"> 
 </figcaption>
</figure>   
<h2 class="wp-block-heading" id="strong-bitcoin-price-drops-amid-market-caution-ahead-of-fed-speech-strong"><strong>Bitcoin Price Drops Amid Market Caution Ahead of Fed Speech</strong></h2>   
<p>Bitcoin was down 2.07% at $64,392 after last week's rally. Fed Chair Jerome Powell, who may influence market sentiment, investors now await to speak this week, <a href="https://www.theblock.co/post/318608/bitcoin-ether-weakens-ahead-of-powells-speech" target="_blank" rel="noreferrer noopener">according to The Block</a>.</p>   
<p>U.S. non-farm payroll data out on Friday will also likely have a significant impact on the price action of Bitcoin, with any positive surprises buoying so-called risk-on assets like crypto.</p>   
<p class="has-background" style="background-color:#222222"><strong>Read more:<a href="https://coincu.com/242737-revolut-paused-some-crypto-services-by-fca/" target="_blank" rel="noreferrer noopener"> </a><a href="https://coincu.com/284938-china-urged-to-rethink-crypto-policy-as-us-leads/" target="_blank" data-type="link" data-id="https://coincu.com/284938-china-urged-to-rethink-crypto-policy-as-us-leads/" rel="noreferrer noopener">China Urged To Rethink Crypto Policy As US Leads Bitcoin ETFs</a></strong></p>   
<h2 class="wp-block-heading" id="strong-bitcoin-and-ethereum-prices-fall-as-investors-await-powell-s-speech-strong"><strong>Bitcoin and Ethereum Prices Fall as Investors Await Powell’s Speech</strong></h2>   
<p>Bitcoin and Ethereum retreated from their gains as investors positioned for a speech by Fed Chair Powell on inflation and interest rates that could result in market volatility.</p>   
<p>Crypto markets also await the non-farm payroll report later this week on Friday, which could be another indicator of the route the U.S. economy will take and its probable impact on Bitcoin.</p>   
<figure class="wp-block-table">
 <table class="has-luminous-vivid-orange-color has-text-color has-link-color">
  <tbody>
   <tr>
    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
   </tr>
  </tbody>
 </table>
</figure>

Bitcoin Price Drops As Investors Await Powell Speech, Payroll Data

Table of Contents

Coincu

Other articles published on Sep 30, 2024

Missed the Shiba Inu Boom? Experts Say This New Meme Token Could Deliver 50X Gains and Become the...

Bitcoin’s window to reach $100K by end of Q4 'looks very tight'

Ripple In Federal Reserve Bank of Philadelphia

Binance Lists EigenLayer Coin for Trading

WalletConnect Foundation Alerts Users About Fake Application

Qubetics dVPN Redefines Internet Safety and Transparency

Join our free newsletter for daily crypto updates!