Oof. This is the second article this week that begins the Litepaper with ‘Oof’. And today is a big ‘Oof.’ Equities, gold, silver, cryptocurrencies, and oil are all down after U.S. Federal Reserve Chairman Jerome Powell’s comments today.
We’re diving into those comments and how very direct Powell was. We’ll also look at a few updates to some cryptocurrency exchange news. Last but not least, we’ll take a look at Bitcoin’s Ichimoku chart.
Before all of that, here’s how the market looked at the end of the trading day – which is red all around:
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