Cryptocurrency Live News & Updates : Crypto Market Declines Ahead of Powell’s Speech
The cryptocurrency market is experiencing significant declines as traders brace for Federal Reserve Chair Jerome Powell’s upcoming speech at Jackson Hole. Bitcoin has dropped to $113,000, while Ethereum and other altcoins have also seen steep losses. Factors such as persistent inflation, tariff impacts, and mixed economic signals are raising concerns about the timing of potential rate cuts. In contrast, Solana’s market dynamics show resilience, with a 20% increase in total value locked and strong institutional interest, suggesting a possible upside despite recent price drops. Meanwhile, crypto-related stocks have also faced sharp declines, with major players like MicroStrategy and Coinbase reporting significant losses. In the regulatory…
