Bitcoin (BTC) News: Ahead Of Jerome Powell Speech, Crypto Stocks In Red

Jerome Powell Speech: In line with the crypto market sentiment, stocks related to the crypto industry declined at the market open ahead of Jerome Powell speech today. Cryptocurrencies are trading with hardly any fluctuation, as retail traders wait for the Fed chair’s comments at the The Economic Club of Washington DC. While the S&P 500 index opened with slight decline, stocks of crypto companies Coinbase and Microstrategy incurred losses due to the ongoing uncertainty. The traders are weighing their bets on whether Powell will sound a bearish sentiment with need to further increase rates.