Powell, Bitcoin and Jackson Hole
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Ethereum was down 1.6%, XRP tumbled 4.2%, and Solana slid 0.2%.It isn’t a surprise that the tokens were sliding after the tech-heavy Nasdaq Composite index dropped 1.5% on Tuesday as Wall Street opted to dump some of its favorite stocks of the year.
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.
Bitcoin, Ethereum, and XRP prices rise. Jerome Powell's speech at Jackson Hole will help decide where they go next. Rapper Kanye West has launched a meme coin called YZY.
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
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.
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.
Bitcoin stays near $114K as Fed minutes highlight inflation risks, tariff pass-through, stablecoin growth, and policy dissent.
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.