Market continues to slide ahead of Powell’s speech tonight. As of now, $BTC is trading at $112,481 and $ETH at $4,224, with Bitcoin dominance at 59.49%.
Powell is expected to unveil a revised policy framework at Jackson Hole, shifting the Fed’s strategy back toward prioritizing price stability and moving away from its pandemic-era approach of tolerating above-target inflation. This recalibration underscores a more data-driven and traditional inflation-targeting stance while defending the Fed’s independence amid rising political pressure.
A few other headlines include: Ye announced the launch of a meme coin called “YZY,” a U.S. DOJ official stated that “merely writing code, without ill intent, is not a crime,” and an anti-central bank digital currency provision has been added to the U.S. House’s must-pass defense bill.
During the last 24 hours, the top three gainers were $OKB, $ZEC, and $NEO, while the top three losers were $KTA, $PUMP, and $AIOZ.
