The greatest cryptocurrency yields ground after its historical record, in the midst of caution by Jackson Hole and the geopolitical tension that adds pressure on the markets.
He Bitcoin It moves away from the historical maximum achieved last week and this Monday falls 2.8% to US $115,046, according to Binance, in a context of caution of investors that evaluate geopolitical risks and expect the monetary policy definitions that can leave the symposium of Jackson Hole.
On the other hand, the rest of the cryptocurrencies fall to 9%headed by Hyperliquid, followed by SUI (8.1%), Solana (6.6%) and Ethereum (-6.2%).
The key in cryptocurrencies this week
The annual meeting of central bankers, organized by the Federal Reserve of Kansas City, will take place from the August 21 to 23 and will be the protagonist of the president of the Fed, Jerome Powellwhose intervention will be closely followed by the markets in search of clues about the next steps regarding interest rates.
The latest macroeconomic data in the United States cooled the expectations of an aggressive cut in September. The operators went from discounting a decline from 50 basic points to anticipate a more moderate cut of 25 basic points.
According to Antonio Di GiacomoAnalyst of Financial Markets for Latin America at XS.com, “Bitcoin’s decline after reaching a maximum of $ 124,500 reflects the strong influence of macroeconomic indicators in the crypto market. Short -term volatility contrasts with a scenario of growing institutional adoption and more sophisticated corporate strategies”.
The expert warns that, although the inflation and decisions of the Fed will continue to mark the pulse in the short term, “the structural interest in the bitcoin and other digital assets remains solid.”
In parallel, the markets are attentive to the geopolitical agenda: Friday Donald Trump He met with Vladimir Putin Without achieving fire in Ukraine, and this Monday the US president will receive Volodimir Zelenski Together with several European leaders, in a new attempted diplomatic approach.
Source: Ambito
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