Bitcoin, Jackson Hole and Federal Reserve
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Traders were selling ahead of the possibility that Fed Chair Jerome Powell's highly anticipated speech Friday could disappoint investor hopes for a signal that interest rate cuts are coming.
Historically, Powell’s remarks at Jackson Hole have triggered sharp market moves: hawkish tones have lifted the dollar and weighed on equities, while dovish guidance has sparked rallies in stocks and crypto.
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S&P 500 fell for the fifth straight day ahead of Jerome Powell’s Jackson Hole speech
The US stock market fell again on Thursday, dragging major indexes deeper into red territory as investors brace for Federal Reserve Chair Jerome Powell’s remarks this Friday at the central bank’s annual gathering in Jackson Hole,
Bitcoin, Ethereum, XRP are showing cautious movements as crypto investors watch the Federal Reserve’s Jackson Hole signals closely. Bitcoin dipped to a two-week low near $112,425, reflecting hesitancy ahead of possible policy shifts.
SignalPlus head of Insights Augustine Fan noted that markets have already ruled out any chance of an outsized 50-basis-point cut.
Bitcoin slid below $116K and Ethereum lost over 4% as crypto markets turned risk-off ahead of Fed Chair Jerome Powell’s final Jackson Hole keynote.
Eric Trump, the Securities and Exchange Commission’s new, crypto-friendly chair Paul Atkins and two Fed governors on Donald Trump’s shortlist to replace Powell are all set to attend the Wyoming Blockchain Symposium at the Four Seasons hotel in Jackson Hole.
Both global equities and the cryptocurrency market have taken a sharp hit this week as investors brace for Federal Reserve Chair Jerome Powell’s remarks at the annual Jackson Hole Symposium in Wyoming.
There's a note of caution seeping into crypto markets, with bitcoin (BTC) sliding under $115,000 and ether (ETH) falling to $4,220 ahead of Fed Chairman Jerome Powell's speech at the Jackson Hole Symposium later this week.
Federal Reserve Chairman Jerome Powell's remarks at the Jackson Hole Symposium. The first one is the 180-day call-put skew derived from options trading on Deribit, the largest crypto options exchange by volume and open interest.
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