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Other notable gainers of Wednesday were Enjin Coin (CRYPTO: ENJ), Solana (CRYPTO: SOL). On a 24-hour basis, ENJ rose 12.63% to $1.33, MANA was up 12.54% to $0.724 and SOL traded 9.6% higher at $31.35.  Why It Matters: Jerome Powell, the chair of the Federal Reserve, said on Wednesday that the U.S. central bank was unlikely to taper down monetary stimulus in the short term as he does not see “substantial further progress” on economic recovery. Powell’s comments buttressed Bitcoin trading on Wednesday along with giving a boost to more traditional assets like mega-cap stocks, with S&P 5...

(Bloomberg) — Strategists are struggling to see a turnaround ahead for Bitcoin, at least for now, as the digital coin hovers around the $30,000 level.

The largest digital currency slipped as much as 6.5% to $36 494 in New York, following a 16% jump on Monday.

MONEYWEB LIVESTREAM Bitcoin trims gain after Musk’s miner tweet spurred volatility The largest digital currency fell as much as 3% to dip briefly below $38 000 in Asian trading, following a 16% overnight jump. By Vildana Hajric and Eric Lam, Bloomberg 25 May 2021  07:14  Image: Angel Garcia/Bloomberg Bitcoin trimmed gains Tuesday after Elon Musk’s effort to bolster the token’s green credentials stoked a rally, extending a bout of marked volatility in the wake of last week’s crypto rout. The largest digital currency fell as much as 3% to dip briefly below $38 000 in...

5 Reasons the Bitcoin Mining Council is Bullish for Price – Buy BTC Now? Last Updated: 25 May 2021 The Bitcoin Mining Council (BMC) has been birthed and it could be good news for crypto. Although we are all getting collectively tired of the Elon Musk crypto show we are where we are – the joker will not be put back in the box, so his tweet revealing the founding of the Bitcoin Mining Council should be welcomed, although ‘maximalists’ see it as an attack on bitcoin decentralisation. Here’s what Musk wrote: “Spoke with North American Bitcoin miners. They committed to publish current...