Crypto Markets Bounce Amid Geopolitical Tensions and Macro Uncertainty
Bitcoin and major altcoins trade slightly higher as investors monitor Russia-Ukraine talks, ETF outflows, and the upcoming Fed Jackson Hole symposium.
Cryptocurrency markets showed little movement on Wednesday, Aug. 20, as investors balanced recent losses with ongoing geopolitical uncertainty and broader economic concerns.
Bitcoin (BTC) is currently up 0.7% on the day at $114,100, down more than 6% over the past week. Meanwhile, Ethereum (ETH) is currently trading at $4,330, up 4% over the past day but down over 8% on the week.
XRP is trading up 1% over the past 24 hours at $2.95, down 10% over the past week. Solana (SOL) climbed by 4% and is currently trading at $185, bringing its weekly losses below 7%.
The total cryptocurrency market…
