Market Wrap: Bitcoin Slumps to Lowest Level in Over a Month After Powell Affirms Hawkish Monetary Policy

By CD Read more: CoinDesk The first cryptocurrency dipped 4.3% to around $20,549, its lowest point since July 16, after the head of the U.S. central bank said the Fed would maintain its restrictive monetary course. This article originally appeared in Market Wrap, CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.Publish at: August 26, 2022 at 09:35PM

In Defense of Crypto Speculation

By CD Read more: CoinDesk In crypto, the speculative furor is even more intense because of the degree of potential disruption and because the barriers to achieving that disruption are so high that the cycles of hope and disappointment are more extreme.Publish at: August 26, 2022 at 05:00PM