Bitcoin Turns Lower Ahead of Powell’s Economic Outlook; What to Expect

Bitcoin slipped into negative territory ahead of the Federal Reserve Chairman Jerome Powell’s scheduled speech about the US economy. The benchmark cryptocurrency waved between profits and losses, only to fall by percent to $10,701 ahead of the New York opening bell. Futures tied to Bitcoin also plunged by percent, signaling a rough start for the cryptocurrency. Bitcoin’s slippage coincided almost with the gold markets, further validating the cryptocurrency’s growing dependence for cues from tradit