Market Uncertainty as Crypto and Stocks React to Jackson Hole Events
TL;DR Summary
Crypto markets experienced significant liquidations totaling $270 million, mainly in ETH and BTC longs, amid fading expectations of a September Fed rate cut and traders repositioning ahead of Jerome Powell’s Jackson Hole speech. Bitcoin and Ethereum prices declined, while XRP remained relatively stable. Market sentiment shifted as traders reassessed risk, with implied volatility rising for ETH, and macroeconomic outlooks influencing short-term price movements.
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