Markets Waiting on Powell’s Jackson Hole Speech
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Cryptopolitan on MSNCrypto stocks tumble as investors go into risk-off mode
Crypto stocks took a sharp nosedive Tuesday as investors dumped tech and risk assets after a strong rally last week that had been fueled by growing speculation around interest rate cuts, but that momentum broke hard as traders got spooked by rising uncertainty ahead of Federal Reserve Chair Jerome Powell’s upcoming remarks in Jackson Hole,
SEC Chair Paul Atkins says 'very few' crypto tokens qualify as securities, urging clearer regulatory guidelines through Project Crypto after the Ripple case.
The crypto market dip continues for another day, led by Bitcoin’s crash to $113k, ETF outflows, and more. Here’s what’s leading investors.
Liquidity constraints pose a significant challenge for BTC bulls looking to engineer a steep uptrend well into the year-end.
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.
SignalPlus head of Insights Augustine Fan noted that markets have already ruled out any chance of an outsized 50-basis-point cut.
Cardano, XRP, and Dogecoin led crypto losers as Bitcoin fell to near $113K, and the Crypto Fear & Greed Index sank into ''Fear'' territory
Bitcoin traders eye Jackson Hole for potential bullish signals; Powell's speech could drive BTC price, depending on tone on rate cuts.
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.