Crypto traders eye Fed clues with Bitcoin stuck in range
Bitcoin is treading water at around $113,000, drifting in tight ranges as traders sit on their hands ahead of Jerome Powell’s speech at Jackson Hole later today. The Fed chair’s final outing at the central bankers’ summit has turned into the main event for risk assets. Investors are trying to guess whether he’ll stick to caution or finally hint at rate cuts.
The cumulative market cap remained marginally down at $3.85 trillion, printing red indexes all around. Ethereum posted minimal gains among the top 10 cryptos, meanwhile, XRP, Solana (SOL), and Dogecoin continued their losses. The fear and greed index is flashing “Neutral” sentiments among investors.
Bitcoin stalls ahead of Powell
For now, momentum has clearly stalled….
