Tuesday, September 19, 2023
TopCrytpoNews.com
Shop
No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana
TopCrytpoNews.com
No Result
View All Result
Home Market & Analysis

Powell’s Jackson Hole speech leaves crypto investors in a tough spot

Mikhailev by Mikhailev
August 29, 2022
in Market & Analysis
0
Consultation paper on cryptocurrency soon, says DEA secy Ajay Seth
Share on FacebookShare on Twitter





The crypto market confronted heavy losses on Saturday and Sunday after Jerome Powell, chair of the Federal Reserve (Fed), signalled that they could proceed to boost rates of interest sharply within the coming months. Crypto market cap fell beneath the $1 trillion mark after staying above the mark for over a month.

Related articles

PUBG devs’ Web3 project, Animoca’s $20M raise, Shardbound review – Cointelegraph Magazine

PUBG devs’ Web3 project, Animoca’s $20M raise, Shardbound review – Cointelegraph Magazine

September 14, 2023
Are DAOs overhyped and unworkable? Lessons from the front lines – Cointelegraph Magazine

Are DAOs overhyped and unworkable? Lessons from the front lines – Cointelegraph Magazine

September 13, 2023


“Whereas increased rates of interest, slower development, and softer labour market circumstances will convey down inflation, they will even convey some ache to households and companies. These are the unlucky prices of decreasing inflation. However a failure to revive value stability would imply far higher ache,” Powell stated on the Jackson Gap financial symposium.


The global stock markets reacted sharply to the announcement, however the influence was extra pronounced within the crypto market. The overall market cap of all of the cryptocurrencies fell over $50 billion from $1.04 trillion on August 26 to $953 billion on Monday, in response to knowledge from coinmarketcap.com.


Bitcoin, the biggest cryptocurrency by market cap, fell beneath $20,000. As of 1 PM on Monday, it was buying and selling at $19,887. On August 26, it touched a excessive of $21,800 earlier than closing at $20,199.


Ethereum, the second largest cryptocurrency, was at $1,453 on Monday. Earlier than Powell’s speech on Friday, it was buying and selling at $1,689, the market knowledge confirmed.


Solana and Avalanche, different main cryptocurrencies, had been down 13 and 20 per cent within the final seven days, respectively.


Nonetheless, the market dominance of Bitcoin has stayed fixed. It continues to carry over 39 per cent share within the whole crypto market. Ethereum holds practically 19 per cent of the full market share.

Pricey Reader,

Enterprise Commonplace has all the time strived onerous to supply up-to-date data and commentary on developments which can be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these tough occasions arising out of Covid-19, we proceed to stay dedicated to protecting you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nonetheless, have a request.

As we battle the financial influence of the pandemic, we’d like your assist much more, in order that we will proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from a lot of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the targets of providing you even higher and extra related content material. We consider in free, truthful and credible journalism. Your assist via extra subscriptions might help us practise the journalism to which we’re dedicated.

Help high quality journalism and subscribe to Business Standard.

Digital Editor





Source link

Tags: bitcoinbitcoin pricebitcoin price todaycrypto market capcrypto newsCryptocurrencycryptocurrency newscryptocurrency updatefed chairFed Reserve ChairFederal reserveInflationinterest ratesjackson holejerome powell
Share76Tweet47

Related Posts

PUBG devs’ Web3 project, Animoca’s $20M raise, Shardbound review – Cointelegraph Magazine

PUBG devs’ Web3 project, Animoca’s $20M raise, Shardbound review – Cointelegraph Magazine

by Mikhailev
September 14, 2023
0

PUBG meets Cosmos Krafton, the corporate behind PlayerUnknown’s Battlegrounds (PUBG), is venturing into Web3 with Settlus, a Cosmos-based blockchain challenge...

Are DAOs overhyped and unworkable? Lessons from the front lines – Cointelegraph Magazine

Are DAOs overhyped and unworkable? Lessons from the front lines – Cointelegraph Magazine

by Mikhailev
September 13, 2023
0

Ask 10 totally different individuals to outline a decentralized autonomous group (DAO), and also you’ll doubtless get 10 totally different...

6 Questions for Quantstamp’s Kei Oda

6 Questions for Quantstamp’s Kei Oda

by Mikhailev
September 11, 2023
0

Kei Oda is the pinnacle of Japan and the Asia-Pacific area for Quantstamp, a Web3 safety agency that audits sensible...

Binance’s exec exodus, Nasdaq to trade AI orders, and more

Binance’s exec exodus, Nasdaq to trade AI orders, and more

by Mikhailev
September 9, 2023
0

Prime Tales This Week Binance crypto alternate noticed 10 key execs go away in 2023. Right here’s the checklist A...

What’s with all the crypto deaths?  – Cointelegraph Magazine

What’s with all the crypto deaths?  – Cointelegraph Magazine

by Mikhailev
September 8, 2023
0

Final month, Bulgarian plumbers have been referred to as to clear a blocked drain at an condominium block within the...

Load More
  • Trending
  • Comments
  • Latest
Why ApeCoin is on track to be the next Dogecoin

Why ApeCoin is on track to be the next Dogecoin

May 13, 2022
Square Enix NFT And Blockchain Plans Laid Out In Annual Report

Square Enix NFT And Blockchain Plans Laid Out In Annual Report

May 13, 2022
Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

May 13, 2022
Jack Dorsey Names Reason for Next Bitcoin Price Surge

438.4 Million Dogecoin Moved to Robinhood for Fee That Easily Beats Any Bank

May 22, 2022
Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

0
Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

0
Bitcoin & Cryptocurrency Take Massive Nose Dive

Bitcoin & Cryptocurrency Take Massive Nose Dive

0
Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

0
The Truth Behind Cuba’s Bitcoin Revolution: Video

The Truth Behind Cuba’s Bitcoin Revolution: Video

September 19, 2023
Price analysis 9/18: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, TON, SOL

Price analysis 9/18: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, TON, SOL

September 18, 2023
Bitcoin investors are bullish on the US Fed’s $100B loss

Bitcoin investors are bullish on the US Fed’s $100B loss

September 18, 2023
Crypto fund outflows reach nearly half a billion over 9 weeks — CoinShares

Crypto fund outflows reach nearly half a billion over 9 weeks — CoinShares

September 18, 2023

Recent News

The Truth Behind Cuba’s Bitcoin Revolution: Video

The Truth Behind Cuba’s Bitcoin Revolution: Video

September 19, 2023
Price analysis 9/18: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, TON, SOL

Price analysis 9/18: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, TON, SOL

September 18, 2023
Bitcoin investors are bullish on the US Fed’s $100B loss

Bitcoin investors are bullish on the US Fed’s $100B loss

September 18, 2023

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market & Analysis
  • Solana

Follow Us

Tags

Avalanche bitcoin bitcoin price bitcoin price in india bitcoin price today Blockchain Blockchain Wire business Business news Cardano Crypto Crypto Coins CryptoCurrencies Cryptocurrency cryptocurrency news cryptocurrency price today crypto market crypto news crypto price in india crypto price today Culture DeFi Dogecoin Dogecoin price ETH Ethereum fintech FTX investing Litecoin Markets News NFT Opinion Ripple SEO Shiba shiba inu Shiba Inu Price SOL Solana solana price TECH Technical Analysis Technology
  • Contact Us

© 2022 Top Crypto News - All rights reserved.

No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana

© 2022 Top Crypto News - All rights reserved.