Jerome Powell's Jackson Hole speech in focus
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Crypto and related stocks are sliding as traders brace for the July FOMC meeting minutes and Jerome Powell’s Jackson Hole speech, fearing a hawkish Fed stance.
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Bitcoin Just Hit a New All-Time High. Here Are 3 Tailwinds Boosting the Leading Cryptocurrency.
Well, that was fast. On Aug. 14, Bitcoin (CRYPTO: BTC) hit a new all-time high of $124,000, and crypto traders were buzzing about a potential mind-blowing, year-end rally for the world's most popular cryptocurrency.
Bitcoin—alongside other major cryptocurrencies ethereum and XRP—have fallen sharply, raising fears of a crypto market
Analysts say Bitcoin’s price action is looking increasingly orchestrated, as BTC taps its lowest levels since Aug. 3 amid ongoing US selling. Bitcoin heads back below $113,000 at the Wall Street open as bulls fail to clinch support.
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Bitcoin’s bearish reversal comes as U.S. Treasury secretary Scott Bessent revealed the U.S. holds far fewer bitcoin than previously
Investing.com-- Bitcoin held below $114,000 on Thursday as investors stayed cautious before a speech from Federal Reserve Chair Jerome Powell at the Jackson Hole symposium, while
Bitcoin price extended the decline on Tuesday, closing below an ascending trendline drawn by connecting multiple lows since early April. BTC also closed below the 50-day Exponential Moving Average (EMA) at $114,910. At the time of writing on Wednesday, it recovers slightly at around $113,500.
Trump’s push for rate cuts and his Big Beautiful Bill leave the Fed trapped. Whether it cuts or holds, inflation is likely to rise, reshaping Bitcoin's macro narrative.