Bitcoin and cryptocurrency traders are searching for direction, with the market more-or-less treading water since the summer.The bitcoin price, hovering around $11,400 per bitcoin, has been trading broadly in line with equity markets in recent months—with groundbreaking announcements, including payments company Square SQ -1.2% buying $50 million worth of bitcoin, failing to much move the market.
Now, bitcoin investors might get the signal they’ve been waiting for, with Federal Reserve chairman Jerome Powell due to speak as part of a panel on cross-border payments and digital currencies at the International Monetary Fund’s (IMF) annual meeting.
