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The Kansas City Federal Reserve's annual Jackson Hole Symposium is underway, and Powell will deliver his keynote address Friday morning.
A lot of put options are in-the-money, crypto options exchange Deribit's Lin Chen said.
Don't ready too much into the move, said one observer, calling it a typical position reset.
The latest price moves in crypto markets in context for August 24, 2023.
Both tokens rose 3%, bitcoin and ether added as much as 1.2% and bnb (BNB) rallied 1% after staving off concerns about contagion risks in the BNB Chain ecosystem.
Despite today’s market-wide advance, the outlook for risk assets is pointing to softer prices for the next few weeks, one observer noted.
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VIPLSD (Liquid Staking Derivative) Top Projects- 16:29Greyscale transfers 696.821 BTC worth $69.48 million to CEXOdaily Planet - Greyscale transferred 696.821 BTC worth $69.48 million to CEX 2 hours ago, according to Arkham monitoring.
- 16:27ETH falls below 2700 USDTAccording to market data, ETH fell below 2700 USDT and is now at 2699.97 USDT, down 0.47% in 24H.
- 16:24Trump plans to announce retaliatory tariff policy as early as this FridayPresident Trump informed Republican lawmakers that he plans to announce a retaliatory tariff policy as early as Friday, Reuters reports. During his previous campaign, Trump promised to impose retaliatory tariffs on U.S. imports at rates equal to those imposed by trading partners on U.S. exports. The White House has not yet responded to a request for comment.