Bitcoin is a competitor to gold, not the US dollar, reiterates Fed’s Powell
US Federal Reserve Chair Jerome Powell also dismissed the idea that people see Bitcoin as a symbol of a lack of faith in the US dollar.
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Bitcoin Price Crashes $800 in Minutes as Bears Eye $9K Support Next
Bitcoin (BTC) price dropped $800 in 15 minutes July 27 after a dramatic bearish move destroyed support at $10,000. Bitcoin 24-hour price chart. Courtesy of Coin360Bitcoin traders eat their walletsTraders were scratching their heads on social media Saturday in the wake of the sudden losses, with BTC/USD crashing from $10,180 to $9,410.At press time, the pair…