Bitcoin price holds $17K into Fed Powell speech as GBTC jumps to multi-month highs

Bitcoin price holds $17K into Fed Powell speech as GBTC jumps to multi-month highs

Bitcoin (BTC) stayed above $17,000 on Jan. 10 as risk assets awaited fresh cues on policy from the United States Federal Reserve.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Powell to kick off week of U.S. macro triggers

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating after hitting $17,396 on Bitstamp the day prior — its highest since Dec. 16.

The pair gained in line with gold early in the week, seeing a slight cool-off as U.S. stocks also lay…


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