- Bitcoin takes a sharp drop on massive volume to trade 1.35% lower on the day.
- Comments from SNB's Jordan and Fed's Powell were not exactly a ringing endorsement of cryptocurrency.
In comments earlier FOMC's Powell said the central banks are not missing out by not entering the digital currency space.
Interestingly the central banker did not rule it out. SNB's Jordan agree and said his country already have an efficient payment mechanism . When talking about Libra Powell commented saying Libra would need to be held to the highest standards and "Libra has a burden of proof to carry" says Powell
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.