It’s
hardly
a
blip
on
the
charts
after
the
major
run
higher
following
the
election
of
Donald
Trump,
but
crypto
markets
did
turn
somewhat
lower
late
in
the
U.S.
trading
day
Thursday
after
a
speech
from
Federal
Reserve
Chairman
Jerome
Powell.
“The
economy
is
not
sending
any
signals
that
we
need
to
be
in
a
hurry
to
lower
rates,”
said
Powell
in
prepared
remarks
at
a
Dallas
conference.
“The
strength
we
are
currently
seeing
in
the
economy
gives
us
the
ability
to
approach
our
decisions
carefully.”
The
price
of
bitcoin
(BTC)
fell
about
1.5%
to
$88,300
in
the
minutes
following
Powell’s
comments.
The
price
at
press
time
had
dipped
a
bit
further
to
$88,000,
down
3.2%
over
the
past
24
hours.
Ether
(ETH)
is
down
by
a
similar
amount.
The
broader
CoinDesk
20
Index,
however,
is
up
0.5%
over
the
same
time
frame.
It’s
being
led
by
a
13%
advance
for
Ripple’s
(XRP),
perhaps
cheered
by
remarks
from
Securities
and
Exchange
Commission
Chair
Gary
Gensler
which
could
be
interpreted
as
his
planning
to
quietly
exit
his
job
in
wake
of
the
Trump
victory.
