On Friday, both Bitcoin and other crypto tokens experienced significant trading declines, mirroring the losses seen in traditional asset markets. Traders worldwide are eagerly anticipating the results of the Federal Reserve's Jackson Hole Symposium, with a particular focus on Chair Jerome Powell's scheduled speech later in the day.
Amidst Bitcoin's price fluctuations and ETF deliberations, the financial industry is attentively monitoring SEC rulings and Federal Reserve stances. Addressing mounting rumors and assertions within the cryptocurrency community, Changpeng Zhao (CZ), the CEO of Binance, has addressed accusations regarding a substantial Bitcoin sell-off by the exchange.
Bitcoin (BTC)
As of the current writing, the price of Bitcoin is $26,020 showing a 24-hour loss of 1.70 percent. In India, the value of Bitcoin is Rs 23,06,000.
Ethereum (ETH)
At the time of writing, the price of Ethereum was $1,649, showing a 24-hour loss of 1.70 percent. In India, the price of Ethereum stood at Rs 1,46,000.
Binance (BNB)
At the time of writing, the price of Binance was $214.24 showing a loss of 2.40% in 24-hour. In India, the price of Binance stood at Rs 19,497.
Cardano (ADA)
At the time of writing, the price of Cardano was $0.2603, showing a 24-hour loss of 3.80 percent. In India, the price of ADA stood at Rs 23.65.
Dogecoin (DOGE)
DOGE recorded a 24-hour loss of 3.10 percent, with its current price at $0.06300. In India, the price of Dogecoin stood at Rs 5.56.
Litecoin (LTC)
Litecoin registered a 24-hour decrease of 2.80 percent. As of the current time, it was trading at $63.86. In India, the price of LTC stood at Rs 5672.
Ripple (XRP)
XRP's price, recorded at $0.5141, experienced a 24-hour loss of 3.20 percent. In India, Ripple's price stood at Rs 45.47.
Solana (SOL)
The price of Solana was recorded at $20.54, reflecting a 24-hour decrease of 6.30 percent. In India, the price of SOL stood at Rs 1856
Over the past day, the cryptocurrency markets have shown signs of selling sentiment, causing a 2-point drop in the crypto greed and fear index. The index now stands at 39 out of 100.
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The Justice Department sues Elon Musk's SpaceX, alleging it unfairly blocked asylees and refugees' opportunities from 2018 to 2022, using citizenship status reasons as pretext.
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COIN GABBAR Views: Is the BTC price on the brink of entering another bear market? Is the crypto market feeling tense in anticipation of Powell's speech? Will the Fed halt its streak of rising interest rates? Are we headed for a market crash or a surge post-speech? Could the crypto market breach the psychological $1.00 trillion market cap milestone? Stay tuned for the latest news at www.coingabbar.com
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
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