Jakarta, CNBC Indonesia – Crypto asset prices moved varied in trading this morning. Bitcoin weakens, but ethereum and ripple increase.
On Sunday (3/10/2021) at 10:00 WIB, here are the price developments for the three main crypto ‘currencies’:
On a weekly basis, the price of crypto assets is moving up. The reason was a statement from Jerome ‘Jay’ Powell, Chairman of the Federal Reserve/The Fed.
In his presentation before Congress, Powell asserted that his party had no intention of prohibiting the activity of ‘mining’ and trading of crypto assets. This was revealed when Powell answered questions from Theodore ‘Ted’ Budd, a Republican member of the House of Representatives.
“You said earlier that we don’t need cryptocurrencies if there is a digital dollar. So Mr Chairman, do you intend to ban or restrict cryptocurrencies like what happened in China,” said Budd.
“No,” answered Powell.
“So you don’t intend to ban?” added Budd.
“There is no intention to ban,” Powell insisted.
Paul Spirgel, Reuters Analyst, sees Powell’s statement as the background for the recent rise in crypto asset prices. Technically. Spigel estimates level resistance bitcoin price could go to the range of US $ 45,200-46,500.
There is even a price opportunity towards US $ 49,000. If that point is penetrated, then it is not impossible that the price of bitcoin can penetrate US $ 50,000 which if converted into Rp 715.75 million.
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Source: Reuters- – |
CNBC INDONESIA RESEARCH TEAM
(aji / aji)
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