First Mover Asia: Bitcoin Rally Stalls After US Central Bank Chair’s Comments; Ether Rises

First Mover Asia: Bitcoin Rally Stalls After US Central Bank Chair’s Comments; Ether Rises
Good morning. Here’s what’s happening this morning:Market moves: Bitcoin dropped on U.S. Fed Chair Powell’s comment, while ether gained more market share.Technician’s take: Support levels remain intact, which could establish a tight trading range between $55,000-$60,000 BTC into the Asian trading day.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $57,157 -1.3%Ether (ETH): $4,642 +4.4%MarketsS&P 500: $4,567 -1.9%Dow Jones Industrial Average: $34,483 -1.8%Nasdaq: $15,537 -1.5%Gold: $1,772 -.80%Market movesBitcoin’s price sank after U.S. Federal Reserve Chair Jerome Powell warned Tuesday that the risk of higher inflation has “increased,” signaling the central bank would…