Anxiety continues in the cryptocurrency market. Bitcoin is also selling heavily on the new day. Bitcoin is finding buyers at just over $26,000. BTC is trading at $ 26,101 as of 11.30 pm. The second largest asset, Ethereum, is changing hands at $1,665. XRP is hovering around $0.518, down 0.37 percent.
Analysts drew attention to the low volumes in the market. Stating that macroeconomic pressures continue, analysts warned investors that the downward movement may continue.
All eyes were on the Fed Chairman Jerome Powell’s messages at the Jackson Hole meetings this week. From Powell’s statements, signals regarding the Fed’s monetary policy route will be followed. The Fed Chairman is expected to give hawkish messages in his speech.
On the other hand, despite the continued uncertainty in the market, some technology stocks rose in the USA. Tesla and Nvidia shares stood out in the rally. Nvidia shares rose 8%. US 10-year bonds, on the other hand, continued to hover at 16-year highs.
