Bitcoin (BTC) has dropped to 115,205.89 USD, while Ether (ETH) is at 4,305.90 USD, reflecting a decline of approximately 2.73% and 5.77% respectively over the past 24 hours.
The market shows caution as major investors prepare for Jerome Powell’s speech at the Jackson Hole Symposium, leading to significant liquidations exceeding 400 million USD overnight for both BTC and ETH.
BlackRock’s Ether ETF has seen unprecedented trading volumes, reinforcing strong market interest. The traditional markets reacted mixed, indicating volatility and uncertainty as traders prepare for upcoming economic indicators.
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