Bad news, folks 🥲
Bitcoin is down 2% on the day following Kevin Warsh’s “hawkish” speech at Jackson Hole.
· The Fed chair indicated that their focus will be on inflation rather than employment. With lines like:
“Inflation is above 2%. That’s why the Fed’s main focus should now be on prices.”
· This puts the market in a lower risk appetite situation and is reflected in the drop in Bitcoin, altcoins, and stocks.
· The odds of a rate hike at the next FOMC meeting increased to 57%.
P.S.: I’m still accumulating Bitcoin every day on the 17th of each month.
$BTC $SOL $ETH
Bitcoin is down 2% on the day following Kevin Warsh’s “hawkish” speech at Jackson Hole.
· The Fed chair indicated that their focus will be on inflation rather than employment. With lines like:
“Inflation is above 2%. That’s why the Fed’s main focus should now be on prices.”
· This puts the market in a lower risk appetite situation and is reflected in the drop in Bitcoin, altcoins, and stocks.
· The odds of a rate hike at the next FOMC meeting increased to 57%.
P.S.: I’m still accumulating Bitcoin every day on the 17th of each month.
$BTC $SOL $ETH
