US EditionMarkets Today: BTC, ETH, XRP Prices Are Muted Before Jerome Powell's Jackson Hole Speech
Over $500 million in crypto long positions were liquidated in 24 hours as investors brace for Fed Chair Jerome Powell's speech, signaling cautious sentiment in cryptocurrency markets.
- On Thursday, Bitcoin slipped to $112,301 as traders stepped aside ahead of Federal Reserve Chair Jerome Powell's Jackson Hole Economic Policy Symposium speech.
- Mixed economic data has increased stagflation worries with 2.7% CPI and a cooling labor market, while hawkish Fed minutes reduce the chance of a September rate cut.
- On-Chain and product data revealed over $500 million in liquidated longs and nearly 78,000 traders hit in 24 hours, while investors pulled $756 million from BTC investment products and whales bought over 16,000 BTC last week.
- Technically, BTC sits just above a $113,000 pivot with immediate support at $112,000, while short-term bulls defend $113,000 and bears eye a slide toward $110,000.
- Options activity points to a 2% move around Federal Reserve Chair Jerome Powell's speech, with implied volatility at 49%, and CryptoQuant warns `If this pattern repeats, we should soon see a local bottom and a short-term reversal`.
18 Articles
18 Articles
Bitcoin, Ethereum, Dogecoin, Solana Slide Ahead Of Jerome Powell's Jackson Hole Speech: Large Investors Buying The BTC Dip, Says Analytics Platform
Leading cryptocurrencies fell on Thursday as investors took caution ahead of Federal Reserve Jerome Powell’s address.
How Hard Could Powell's Address Hit BTC Prices?
The post How Hard Could Powell’s Address Hit BTC Prices? appeared on BitcoinEthereumNews.com. As Federal Reserve Chairman Jerome Powell’s speech at Jackson Hole approaches, the key question on everyone’s mind is: how volatile could bitcoin BTC$116,637.55 become? The answer points to moderate volatility, not the extreme swings that the widespread attention on the event might suggest. “BTC options are pricing in about a ±2.0% move around Powell’s …
Solana to Dip to $175, Expert Warns: Is a $260 Rebound Next? - Blockonomi
TLDR: Solana trades at $178 with a 7-day drop of 7.87% as markets prepare for Powell’s Jackson Hole speech. Chart analysis highlights $175 as a high-probability reversal zone where buyers may return after the dip. Short-term projection shows a rebound toward $198–$210 if support at $175 holds and selling pressure eases. Longer-term patterns suggest Solana could break toward $260 if bulls secure $200 and break $190 resistance. Solana traders are…
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