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The latest price moves in bitcoin (BTC) and crypto markets in context for August 25, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original Source
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As Jerome Powell, the Federal Reserve (Fed) Chair, prepares to return to Jackson Hole this Friday, the Bitcoin (BTC) market is experiencing
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Stuck in a tight range roughly between $29,000 and $30,000 for several weeks, bitcoin (BTC) Thursday afternoon dropped to the low $28,000 area thanks to the economic news. That, in turn, triggered a chain of stops and liquidations that sent bitcoin quickly plunging below $25,000. A very modest recovery since
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Data from CryptoRank, which tracks the fund's portfolios and known holdings shows that while major funds like Delphi Digital, Polychain or Animoca are down an eye-watering 80%, 64%, and 81%, over the course of the last 365 days, they are still well into the green during the last three years. Source
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The Fed's battle against inflation could lead to overcorrection, but the same mechanism that’s reining in the economy is creating headroom for revitalizing it if things do go south. Source
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On the other hand, it’s an open question just how much confidence we should gain from the lack of catastrophe “so far.” The battle against inflation is far from over. Arguably, it has barely begun. Gentle economic declines can become sudden, vacuumous sinkholes without much warning – and the risks
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“The stock market had not priced this in except the last couple of days and it’s because the risk was that they would be hawkish, not the belief,” Bob Iaccino, chief strategist at Path Trading Partners and co-portfolio manager at Stock Think Tank, told CryptoX. Source
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In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at the the impact an upcoming speech from US Fed Chair Jerome Powell could have on Bitcoin price action. Take a look at the video below. VIDEO: Bitcoin Price Analysis (BTCUSD): August 25, 2022 The US Fed Reserve Chair Jerome Powell will
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Bitcoin’s current reading, while slightly above 30, indicates that BTC is undervalued, although the recent price moves have come on lower-than-average, trading volume.. Lower-than-average trading volume can imply a lack of conviction in a trade both now and in the near future. As markets await Fed Chair Powell’s symposium comments
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Although many social-political discussions are now off the table, the company's leadership has made some exceptions as to which subjects of conversation are fair game. Topics aligned with the “crypto, cypherpunk, libertarian values” of Kraken’s founders, Powell and Thahn Luu, including free speech, bodily autonomy and self defense, for example,
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