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Crypto Markets Brace for FOMC: Will Powell's Speech Boost 📈 or Break 📉 Bitcoin?

Meanwhile, institutions keep accumulating Bitcoin. Should you be doing the same?

Author

Justin
August 19, 2024 • Read Time: 6 minutes

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With the traditional markets showing signs of life, the crypto sector seems to be stuck in a rut, facing significant hurdles.

Volatility is likely to spike as the financial world focuses on the Federal Open Market Committee (FOMC) meeting this week, not to mention the crucial economic data releases on the horizon.

As the Fed discusses policy directions and inflation trends, how will the crypto markets react?

All eyes are on Chair Jerome Powell’s speech at the Jackson Hole Economic Policy Symposium, which could set the stage for major rate changes in September.

Crypto investors are bracing for impact as Bitcoin struggles to stay above $60,000, and Ethereum shows only mild gains.

Let's dive in!

  • FOMC meeting minutes, economic data, and Fed Chair Powell's speech are crucial for crypto markets this week. — Read More

  • Tyler Winklevoss slams Kamala Harris' crypto town hall as poorly executed and a — Read More

  • BlackRock has outpaced Grayscale in on-chain asset holdings through its ETFs, reaching $21.22 billion. — Read More

  • Kevin O'Leary believes crypto regulation is inevitable regardless of whether Kamala Harris or Donald Trump wins the presidential election. — Read More

  • Franklin Templeton's new ETF aims to track Bitcoin and Ethereum, with Coinbase as custodian. — Read More

  • Donald Trump appoints crypto advocates to his transition team ahead of a potential second term. — Read More

  • Fidelity's digital asset division evaluates stablecoins, tokenized treasury products, and on-chain credit. — Read More

  • Goldman Sachs reduces U.S. recession probability to 20%, anticipates a 25-basis-point Fed rate cut in September. — Read More

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