🚨 A big day is coming for the cryptocurrency market.
The Fed Chair, Kevin Warsh, is scheduled to speak in Jackson Hole at 10:00 a.m. ET, and markets will be closely watching his tone.
Current expectations show a 66.3% probability that rates will be held in September, versus a 33.7% probability of a rate hike.
A more moderate tone could give some momentum to cryptocurrencies and risk assets, while a firmer message could trigger a market correction.
In any case, volatility is likely to rise today.
#USCorporateProfitsHitRecordHigh
$NVDAB
$AAPLB
The Fed Chair, Kevin Warsh, is scheduled to speak in Jackson Hole at 10:00 a.m. ET, and markets will be closely watching his tone.
Current expectations show a 66.3% probability that rates will be held in September, versus a 33.7% probability of a rate hike.
A more moderate tone could give some momentum to cryptocurrencies and risk assets, while a firmer message could trigger a market correction.
In any case, volatility is likely to rise today.
#USCorporateProfitsHitRecordHigh
$NVDAB
$AAPLB
