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>   
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<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>   
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    <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>
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Bitcoin Price Drops As Investors Await Powell Speech, Payroll Data

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