For Erlam, the Bitcoin “It still looks vulnerable to a break of $20,000, which could be a painful hit.” However, “if Powell says something to excite risk-takers, we could see last week’s loss quickly consumed.”
Tomorrow, Thursday, the traditional central bank symposium will start in jackson hole. This meeting has been used on many occasions as a platform from which the Fed anticipates its future movements in monetary policy, which is why this year it has taken on even more importance than usual, taking into account the fierce battle against inflation in which the institution has been involved.
Markets await clues in particular about September’s rate hike, torn between another 75 basis point hike, or a softer 50 basis point hike.
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Source: Ambito
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