Bitcoin ETFs Rise In Pre Market Despite Jerome Powell Says Fed Cannot Hold BTC: What's Going On?

Benzinga12-19

Bitcoin ETFs have shown an increase in premarket, even as Federal Reserve Chair Jerome Powell made it clear that the central bank has no plans to accumulate Bitcoin BTC/USD. What Happened: As per ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin ETFs Rise In Pre Market Despite Jerome Powell Says Fed Cannot Hold BTC: What's Going On?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-19 18:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/24/12/42571007/bitcoin-etfs-rise-in-pre-market-despite-jerome-powell-says-fed-cannot-hold-btc-whats-going-on><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin ETFs have shown an increase in premarket, even as Federal Reserve Chair Jerome Powell made it clear that the central bank has no plans to accumulate Bitcoin BTC/USD.\nWhat Happened: As per ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/12/42571007/bitcoin-etfs-rise-in-pre-market-despite-jerome-powell-says-fed-cannot-hold-btc-whats-going-on\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BITO","symbol_name":"ProShares Bitcoin ETF","start_time":0,"source_url":"https://www.benzinga.com/markets/cryptocurrency/24/12/42571007/bitcoin-etfs-rise-in-pre-market-despite-jerome-powell-says-fed-cannot-hold-btc-whats-going-on","article_id":"2492434128","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2024/12/19/powell-bitcoin-shutter.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492434128","pubTimestamp":1734604470,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Bitcoin ETFs have shown an increase in premarket, even as Federal Reserve Chair Jerome Powell made it clear that the central bank has no plans to accumulate Bitcoin (CRYPTO: BTC).","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BITO":"ProShares Bitcoin ETF","FBTC":"Fidelity Wise Origin Bitcoin Fund","BK4588":"碎股","BK4550":"红杉资本持仓","BTC":"Grayscale Bitcoin Mini Trust","BRRR":"Valkyrie Bitcoin Fund","DEFI":"Hashdex Bitcoin ETF","HODL":"VanEck Bitcoin Trust ETF","GBTC":"Grayscale Bitcoin Trust","BK4096":"电气部件与设备","BTCO":"Invesco Galaxy Bitcoin ETF","BTCW":"WisdomTree Bitcoin Fund","BK4601":"加密货币现货ETF","FDN":"First Trust Dow Jones Internet I","EZBC":"Franklin Bitcoin ETF","BITB":"Bitwise Bitcoin ETF","ARKB":"ARK 21Shares Bitcoin ETF","IBIT":"iShares Bitcoin Trust","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念"},"translate_title":"尽管Jerome Powell表示美联储不能持有BTC，比特币ETF盘前仍上涨：发生了什么？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IBIT":1,"HODL":1,"GBTC":1,"FBTC":1,"EZBC":1,"DEFI":1,"BTCW":1,"BTCO":1,"BTC":1,"BRRR":1,"BITO":1,"BITB":1,"FDN":0.9,"ARKB":0.83},"content_text":"Bitcoin ETFs have shown an increase in premarket, even as Federal Reserve Chair Jerome Powell made it clear that the central bank has no plans to accumulate Bitcoin BTC/USD.\nWhat Happened: As per Benzinga Pro on Thursday, the Bitwise Bitcoin ETF BITB saw a rise of 1.08%, ARK 21Shares Bitcoin ETF ARKB increased by 1.41%, Grayscale Bitcoin Trust (BTC) GBTC climbed 1.32%, Fidelity Wise Origin Bitcoin Fund FBTC advanced 1.04%, and iShares Bitcoin Trust ETF IBIT gained 1.26%.\nPowell, speaking after the Fed’s latest policy meeting, emphasized that the central bank is not allowed to own Bitcoin. He noted that any legal considerations about Bitcoin stockpiling would fall under Congress’s jurisdiction. His comments came amid discussions about a potential U.S. Strategic Bitcoin Reserve proposed by President-elect Donald Trump.\nSee Also: Crypto Analyst: Shiba Inu Price Set For Massive Surge, Could Go Up Sixfold\nDespite the Fed’s position, Bitcoin’s value has been on the rise, driven by optimism over Trump’s pro-crypto policies. However, Powell’s statements did affect Bitcoin’s rally, which had been bolstered by expectations of a more lenient government stance. Bitcoin was trading at $102,085 after dipping below $100,000 on Wednesday, according to Benzinga Pro.\nRepublican Sen. Cynthia Lummis (R-Wyo.) has introduced legislation for a Bitcoin reserve, but such a plan would need congressional approval and might face opposition from the Fed, as highlighted by Barclays analysts.\nWhy It Matters: The backdrop to Powell’s comments includes a recent market upheaval following his hawkish outlook on interest rates. As reported, the U.S. stock market faced a significant selloff after Powell’s remarks, which CNBC's Jim Cramer described as causing \"incredible panic\" in the markets. \nThis reaction was triggered by Powell’s announcement of a 25-basis-point rate cut to 4.25%-4.5%, alongside signaling only two potential rate cuts in 2025, fewer than the four projected in September. \nRead Next: \n\nBitcoin, Ethereum, Dogecoin Stay Muted Before Fed’s Interest Rate Decision: Analyst Says BTC In Parabolic Phase, Reveals Its Duration\n\nDisclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.\nImage via Shutterstock $BTCBitcoin$102397.002.23%WatchlistOverviewARKBARK 21Shares Bitcoin ETF Common Shares of Beneficial Interests$101.461.14%BITBBitwise Bitcoin ETF Common Shares of Beneficial Interest$55.391.11%FBTCFidelity Wise Origin Bitcoin Fund Common Shares of Beneficial Interest$88.991.29%GBTCGrayscale Bitcoin Trust (BTC) Common Units of fractional undivided beneficial interest$80.861.32%IBITiShares Bitcoin Trust$58.071.56%Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492434128"}