Jackson Hole, Crypto and Bitcoin
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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.
Leading cryptocurrencies fell on Thursday as investors took caution ahead of Federal Reserve Jerome Powell’s address.
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Cryptopolitan on MSNCrypto treasury stocks plunging in August after massive run-up
Crypto companies that dumped coins into their balance sheets earlier this year are now watching their stocks bleed. August crushed the rally these firms enjoyed just weeks ago, slamming names that had become investor magnets during the sideways bitcoin market.
Liquidity constraints pose a significant challenge for BTC bulls looking to engineer a steep uptrend well into the year-end.
Wall Street's main indexes were set for a muted open on Monday - in a quiet start to a week packed with corporate earnings reports from major retailers and the Federal Reserve's annual symposium in Jackson Hole.